_____ = Current Assets/Current Liabilities

question 60

Multiple Choice

_____ = Current Assets/Current Liabilities

• A) Acid Test
• B) Current Ratio
• C) Debt Ratio
• D) Assets Turnover ratio
• E) Net Current Margin

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Definitions:

One-Write System

A type of accounting system that allows for data to be entered into ledgers and journals at the same time through the use of carbon paper or a similar method.

Accounting Forms

Documents used for recording financial transactions and maintaining accounting records.

Payee

A person who receives a payment.

Third-Party Check

A check made out to one recipient and given in payment to another, as with one made out to a patient rather than the medical practice.