Which of the following transactions does not affect the quick ratio?

Which of the following transactions does not affect the quick ratio?

Which of the following transactions does not affect the quickratio? a. Land held for investment is sold for cash. b. Equipmentis purchased and is financed by a long-term debt issue. c.Inventories are sold for cash. d. Inventories are sold on a creditbasis. The quick ratio is a test of how much coverage, a firmscurrent assets gives over its current liabilities. The relationshipis expressed as Current Assets/Current Liabilities. Inventories andcash are part of current assets. Any changes would affect theratio.


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