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Accouting > Interpretation of Accounts: Liquidity > Flashcards

Interpretation of Accounts: Liquidity Flashcards

1
Q

Working capital

A

Current assets - current liabilities = working capital

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2
Q

Working capital ratio/current ratio

A

Current assets
—
Current liabilities
= x:y

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3
Q

Acid test / quick ratio

A

Current assets - closing stock
—
Current liabilities
= x:y

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4
Q

Liquid assets

A

Current assets - closing stock = liquid assets

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Accouting (5 decks)

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