Given inventory of 24,000, other current assets of 12,000 and current liabilities of 20,000, the acid test (quick ratio) will be:

Given inventory of 24,000, other current assets of 12,000 and current

1.	Given inventory of 24,000, other current assets of 12,000 and current liabilities of 20,000, the acid test (quick ratio) will be:
A.	1.8 :1
B.	0.6 :1
C.	1.2:1
D.	1.6 :1
Answer» C. 1.2:1

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Given inventory of 24,000, other current assets of 12,000 and current liabilities of 20,000, the acid test (quick ratio) will be:

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