Classify each of the following items as a contingent liability,estimated liability,or current liability:
Definitions:
Debt-to-equity Ratio
A financial indicator showing how much of a company's assets are financed by debt compared to shareholders' equity.
Receivable Turnover
A financial ratio that measures how efficiently a company collects its outstanding credit sales, typically calculated annually.
Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a period, indicating efficiency in managing and selling stock.
Acid-test Ratio
A stringent test that measures the liquidity of a company by comparing its most liquid assets (excluding inventory) against its short-term liabilities.
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