Question : Which of the following is the "Ideal Quick Ratio"?
Option 1: 1: 1
Option 2: 1: 2
Option 3: 2: 1
Option 4: 1 : 3
Answer (1)
25th Jan, 2024
Correct Answer: 1: 1
Solution :
The ideal quick ratio is 1:1, which indicates that the company has enough assets that can be liquidated immediately to pay off current liabilities.
Hence option 1 is the correct answer.
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