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What does the acid-test (quick) ratio measure? a) A company's ability to pay...

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Accounting

What does the acid-test (quick) ratio measure?
a) A company's ability to pay off its shortterm liabilities with its most liquid assets
b) A company's ability to pay off its longterm liabilities with its most liquid assets
c) A company's leverage ratio
d) A company's profitability
What is the purpose of the statement of cash flows?
a) To report the financial position of a company at a specific point in time
b) To report the changes in a company's equity over a period of time
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