Acid Test Ratio Or Quick Ratio Formula To Calculate Importance
Acid Test Ratio or Quick Ratio.The basis for financial analysis, planning and decision making is financial statements which mainly consist of Balance Sheet and Profit and Loss Account. The profit & loss account shows the operating activities of the concern and the balance sheet depicts the balance value of the acquired assets and of liabilities at a particular point of time. Balance of payments A ratio is defined as “the indicated quotient of two mathematical expressions and as the relationship between two or more things....