[Q]:Generally, the acid test ratio should be 1:1 or better for a company in sound economic position.. This is a ratio of which of the following?

[Q]:Generally, the acid test ratio should be 1:1 or better for a company in sound economic position.. This is a ratio of which of the following?

A) Current Assets : Current liabilities
B) Current liabilities : Current Assets
C) Total Assets : Current liabilities
D) Total liabilities : Current Assets

ExamLinks.In Answer:
Ans) Current Assets : Current liabilities