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Evaluate to six-figure accuracy:
Acid Test Ratio
Used to determine the amount of assets that can be quickly turned into cash to pay current liabilities; acid test ratio equals total of cash plus receivables divided by total current liabilities.
Balance Sheet
A summary report detailing a company's assets, debts, and equity held by shareholders at a particular moment.
Income Statement
The financial statement that shows the revenues, the expenses, and the net income for a certain period of time.
Net Income to Net Sales
A financial ratio measuring a company's profitability by comparing net income to net sales.
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