The Basic Difference Between the Quick Ratio and the Current

question 59

Multiple Choice

The basic difference between the quick ratio and the current ratio is that the ________.

• A) quick ratio assumes that marketable securities can be quickly converted to cash
• B) quick ratio is a more severe test
• C) quick ratio assumes that inventories can be quickly converted to cash
• D) current ratio measures only the most liquid assets

Analyze the structure and validity of conditional statements, including those using "only if."

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