Do you include accrued liabilities when figuring the liabilities for getting your quick ratio and or acid-test ratio:confused:

I know I include accounts payable, income tax payable, notes payable(short-term) for my liabilities

For my assets I include accounts receivable, cash, marketable securities, prepaid expenses, but not inventory

Thank you

What do you mean by Accrued Liabilities?

Such as at the end of the year, I accrued a liability to pay my employee's their salary? If that is the case, then YES, you do include them since they are part of CURRENT LIABILITIES.

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Originally Posted by CaptainForest

What do you mean by Accrued Liabilities?

Such as at the end of the year, I accrued a liability to pay my employee’s their salary? If that is the case, then YES, you do include them since they are part of CURRENT LIABILITIES.

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I am not sure. It is just on a list from the balance sheet. I will have to dig deeper and find out.

Thank so much for your help
Very much appreciated.

fustrated

In that case, yes, you include Accrued Liabilities under current liabilities.

Quote:

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Originally Posted by CaptainForest

In that case, yes, you include Accrued Liabilities under current liabilities.

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Thank you, for all your help
fustrated

You're welcome