The acid test ratio is exactly the same as the current ratio, but it excludes stock. Now go to the Extel data and find the stock figure for the third column. Subtract that from the current assets figure to get column 4. Current assets - stock Current liabilities Use this formula to get the final figure for the acid test ratio in column 6. Step 4 - Further work Choose 5 companies from the same industry and write a full report for a potential investor about the firms' liquidity position.
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