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    fustrated's Avatar
    fustrated Posts: 18, Reputation: 2
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    #1

    Feb 23, 2007, 07:21 PM
    What to use to get acid-test or quick ratio
    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
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    Feb 24, 2007, 05:26 PM
    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.
    fustrated's Avatar
    fustrated Posts: 18, Reputation: 2
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    #3

    Feb 25, 2007, 06:37 AM
    Quote 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.
    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
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #4

    Feb 25, 2007, 01:39 PM
    In that case, yes, you include Accrued Liabilities under current liabilities.
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    #5

    Feb 25, 2007, 04:45 PM
    Quote Originally Posted by CaptainForest
    In that case, yes, you include Accrued Liabilities under current liabilities.
    Thank you, for all your help
    fustrated
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #6

    Feb 25, 2007, 05:57 PM
    You're welcome

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