The quick ratio equals _____.
a. (total assets)/(annual net sales)
b. (total assets)/(total liabilities)
c. (current assets)/(total current liabilities)
d. (cash + accounts receivable)/(total current liabilities)
Answer: D
a. (total assets)/(annual net sales)
b. (total assets)/(total liabilities)
c. (current assets)/(total current liabilities)
d. (cash + accounts receivable)/(total current liabilities)
Answer: D