The Quick Ratio
Another important measure of a company’s ability to stay afloat is the quick ratio, which essentially measures the same thing as the current ratio, with one key difference. The quick ratio does not include inventory among the assets counted on the top line of the equation. Thus, the formula is:
As opposed to the current ratio, the quick ratio is meant to give an adviser a sense of a company’s ability to stay afloat without having to liquidate its inventory, which could be very hard to do without limiting the company’s ability to further do business. Naturally, a company with a ton of inventory but not a ton of cash would look less attractive using the quick ratio compared to the current ratio.
Here’s an example of how the ABC Company’s quick ratio of 0.75 was calculated based on the following amounts found on its balance sheet:
$1,
VIDEO
Since you're reading about Series 66: The Quick Ratio , you might also be interested in:
Please Enable Javascript to view this content!
TESTIMONIALS
What are people saying?
I just passed the Series 66 exam and found that the Solomon Exam Prep materials are the way to go when preparing for this exam. The advice given from the get-go is spot on; if you think you can cram for this course, forget it. Use the materials as advised and you'll do well. The format of the practice exams closely simulate the way the questions are presented on the test itself. I had 2 prep materials, Solomon's and another and I honestly believe Solomon's was the one that helped the most.
Julio Revuelta, Wealth Management Firm, Miami, FL
Karen-
I passed the Series 66! I cannot even begin to say thank you enough times. I continue to be impressed and amazed by your program.
Sarah Boone,
Wells Fargo, Atlanta, GA
I passed my 66 today - thank you Solomon for the assistance and materials. It was incredibly difficult! I wish I had watched the videos even more.
Jessica Koefod
I successfully passed the series 66 test yesterday! I could honestly say it was one of the happiest days of my life! I want to personally thank the excellent staff at Solomon exam prep! They are so knowledgeable and when I asked questions, they always went over the top with explanations and even sometimes creating charts for me to break down the concept. I felt really well served by this group.
If you are looking for a company to help you succeed, you have found it Within Solomon exam prep team!
Shirley Antonini. Schuylkill Haven, PA
I used Solomon Exam Prep for both the Series 7 and the 66 which I took within a couple of months of each other. I smoked both tests with an 85% and an 88%. Well above the passing score. The books have just enough humor to keep things interesting and the practice tests and quizzes are phenomenal. If you want to get the most out of these programs pound out as many practice test as you can.
K. Nick Thoeni, Gilroy, CA
Solomon exam prep materials are the best! I have passed the SIE, Series 7, and Series 66 in less than 12 months using their materials. Their products are fantastic! The practice exams are excellent, and the probability calculator is spot on. I followed the provided customized study plan and took practice exams (over 20 lol) until my probability calculator was in the green (indicating a higher probability of passing) and the rest is history. There are no shortcuts. You must put in the work and stay disciplined, but the Solomon program WORKS and I would HIGHLY RECOMMEND them to anyone looking for amazing, comprehensive study materials to prepare for industry examinations.
Brandon Collins, Benchmark. Memphis, TN
Read more reviews
Top