Explain why the quick ratio or acid-test ratio is a better measure of a firm’s liquidity than the current ratio
.
· List two useful tools to help an entrepreneur to understand the cash requirements of a business and to estimate the financing needs of his or her business.
Explain why the quick ratio or acid-test ratio is a better measure of a firm’s liquidity than the current ratio
.
· List two useful tools to help an entrepreneur to understand the cash requirements of a business and to estimate the financing needs of his or her business.
