Evidence-based HR refers to the practice of initiating disciplinary action against employees only in the presence of clear and d
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The acid test ratio for the firm as on 31st December 2019 will be 0.85 as per the information contained under the balance sheet.
<h3>What is acid-test ratio?</h3>The ratio, which is derived by the division of the current assets less inventories with the current liabilities of the firm, is known as the acid-test or quick ratio.
Using the formula and given information, the acid-test ratio will be computed as,
Hence, the acid-test ratio is as computed above.
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