Quick assets (cash, short-term investments, and current receivables) divided by current liabilities is the:Multiple ChoiceAcid-test ratio.Current liability turnover ratio.Current ratio.Working capital ratio.Quick asset turnover ratio.

Quick assets are defined as:Multiple ChoiceCash, short-term investments, and accounts payable.Cash, short-term investments, and current receivables.Cash, inventory, and current receivables.Cash, noncurrent receivables, and prepaid expenses.Accounts receivable, inventory, and prepaid expenses.

‘Quick’ assets, as used in the quick ratio, does not include:Group of answer choicesaccounts payableaccounts receivablecashmarketable securities

Current assets divided by current liabilities is the:Multiple ChoiceCurrent ratio.Quick ratio.Debt ratio.Liquidity ratio.Solvency ratio.

The quick ratio is considered more conservative than the current ratio because:It includes long-term liabilitiesIt includes only cash and equivalents.It excludes inventory from current assets.It excludes all current liabilities.

Assets that are used relatively quickly (within a single accounting period) are called short-term or assets.  (Enter only one word per blank.)