CFA Practice Question
Which of the following items is NOT in the numerator of the quick ratio?
A. Receivables
B. Inventory
C. Marketable securities
Explanation: Quick ratio = (cash + marketable securities + receivables)/current liabilities
Current ratio = (cash + marketable securities + receivables + inventory)/current liabilities
Current ratio = (cash + marketable securities + receivables + inventory)/current liabilities
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