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Which of the following statements regarding the quick ratio is not true? Multiple Choice The quick ratio is also known as the acid-test ratio

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Which of the following statements regarding the quick ratio is not true?

Multiple Choice

• The quick ratio is also known as the acid-test ratio.

• The quick ratio ignores some current assets that are less liquid than others.

• The quick ratio is a conservative variation of the current ratio.

• The quick ratio equals quick assets divided by total liabilities.