Which of the following ratios is used to measure a firm's short-term liquidity?
A) accounts receivable turnover ratio
B) inventory turnover ratio
C) quick ratio
D) debt-to-equity ratio
E) equity-to-debt ratio
Answer: C
Explanation: Quick ratio is a measure of a firm's short-term liquidity. It is calculated by adding cash, marketable securities, and receivables, then dividing that sum by current liabilities.
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