Firm X and Y have the same quick ratio, but Firm X has a greater current ratio than Firm Y. Compared to Firm Y, it is most likely that Firm X has:
"Inventory is not included in quick assets while calculating the quick ratio. But inventory is included in the numerator while calculating the current ratio. So, an increase in the numerator for Firm X because of greater inventory makes its current ratio more than Firm Y. Accounts payable are included in current liability, and it’s the same in the case of quick ratio and current ratio. We do not have full information about turnover ratios so can not comment on that. Therefore, greater inventory for Firm X will result in a higher current ratio"
The demand curve shows that:
In economic terms, the total market value of all final goods and services produced in a given year is known as.........
Which of the following statements about Indirect Tax is incorrect?
Which of the following sector workers are known as ‘Blue Collar workers’?
The Stand-Up India Scheme facilitates bank loans between what amounts for setting up a greenfield enterprise by at least one SC/ST and one woman borrowe...
An increase of 1% per annum in the growth rate of the money supply will increase inflation by:
The Statutory Liquidity Ratio (SLR) is determined by which institution?
What is the uniform GST rate that has been fixed up for lottery prizes by the GST Council?
A Gini coefficient exceeding 0.40 typically indicates which of the following?
What does the term 'subsidy' primarily signify?