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June 2014 CSZ Co (b)

This topic has 3 replies, 2 voices, and was last updated 6 years ago by John Moffat.

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February 26, 2020 at 9:33 am #563182
sarahsby
Participant
- Topics: 4
- Replies: 2
Hi, why is inventory included in the target quick ratio of CSZ Co?
February 26, 2020 at 11:04 am #563197
John Moffat
Keymaster
- Topics: 57
- Replies: 54831
It isn’t!!
The answer correctly includes it in the calculation of the current ratio, but does not include it in the calculation of the quick ratio.
February 26, 2020 at 11:36 am #563200
sarahsby
Participant
- Topics: 4
- Replies: 2
Thank you, sir. I mistook the quick ratio formula as TR-inventory.
February 27, 2020 at 3:35 pm #563325
John Moffat
Keymaster
- Topics: 57
- Replies: 54831
You are welcome 🙂
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