_____ = 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:

Worksheet

A document or tool used by accountants to plan adjustments and prepare financial statements before they are posted to ledgers.

Beginning Inventories

Beginning Inventories are the inventory levels of a company at the start of an accounting period, used as a baseline for calculating inventory changes.

Ending Inventories

The total value of all inventory a company has at the end of its accounting period, including products ready for sale and materials for production.

Income Statement Columns

Sections on an income statement, typically including revenues, expenses, and net income, to display financial performance.