Accounting for IGCSE & O level - Advanced Principles (Section 5 - No. 18)
Which of the following actions is most likely to improve a company's quick ratio?
Purchasing additional inventory on credit.
Collecting accounts receivable.
Using cash to pay off a short-term liability.
Taking out a new long-term loan.
ব্যাখ্যা
Receiving payments adds to liquid assets and the quick ratio.