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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.
An acid test is a qualitative chemical or metallurgical assay utilizing acid. Historically, it often involved the use of a robust acid to distinguish gold from base metals . Figuratively, the term represents any definitive test for attributes, such as gauging a person's character or evaluating a product's performance.
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A strong acid will react with a weak base to form an acidic (pH < 7) solution. A weak acid will react with a strong base to form a basic (pH > 7) solution. These indicators are essential tools in chemistry and biology, aiding in the determination of a solution's acidity or alkalinity through the observation of colour transitions. [10]
An ICE table or RICE box or RICE chart is a tabular system of keeping track of changing concentrations in an equilibrium reaction. ICE stands for initial, change, equilibrium . It is used in chemistry to keep track of the changes in amount of substance of the reactants and also organize a set of conditions that one wants to solve with. [ 1 ]
A simple buffer solution consists of a solution of an acid and a salt of the conjugate base of the acid. For example, the acid may be acetic acid and the salt may be sodium acetate . The Henderson–Hasselbalch equation relates the pH of a solution containing a mixture of the two components to the acid dissociation constant , K a of the acid ...
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: