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Financial analysts also employ the "acid test" nickname for the quick ratio method, which assesses the liquidity of a business. The term "acid test" took on a different meaning in the realm of experiences with the psychedelic drug LSD, [9] popularized by the Merry Pranksters. This association stems from the drug's colloquial name, "acid" (which ...
In finance, the quick ratio, also known as the acid-test ratio, is a liquidity ratio that measures the ability of a company to use near-cash assets (or 'quick' assets) to extinguish or retire current liabilities immediately. It is the ratio between quick assets and current liabilities. A normal liquid ratio is considered to be 1:1.
Quick ratio (also known as an acid test) or current ratio, accounting ratios used to determine the liquidity of a business entity; In accounting, the liquidity ratio expresses a company's ability to repay short-term creditors out of its total cash. It is the result of dividing the total cash by short-term borrowings.
Liquidity is a prime concern in a banking environment and a shortage of liquidity has often been a trigger for bank failures. Holding assets in a highly liquid form tends to reduce the income from that asset (cash, for example, is the most liquid asset of all but pays no interest) so banks will try to reduce liquid assets as far as possible.
The name "Acid Test" was coined by Kesey, after the term "acid test" used by gold miners in the 1850s.He began throwing parties at his farm at La Honda, California. [2] The Merry Pranksters were central to organizing the Acid Tests, including Pranksters such as Lee Quarnstrom and Neal Cassady.
Acid test is a qualitative chemical or metallurgical assay which uses acid, or figuratively a definitive test for some attribute, e.g. of a person's character, or of the performance of a product. Acid test or acid tests may also refer to:
Acid–base titration is also utilized in the analysis of acid rain effects on soil and water bodies, contributing to the overall understanding and management of environmental quality. [24] The method's prevision and reliability make it a valuable tool in safeguarding ecosystems and assessing the impact of human activities on natural water ...
Acid test; Metadata. This file contains additional information, probably added from the digital camera or scanner used to create or digitize it.