Praxis Learn^™by Praxis Learning Solutions

Acid-test ratio

Name: Acid-test ratio
SKU: PL-MCB-NUM-29
Price: 295 ZAR
Availability: InStock

R295

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In 30 minutes you will work out the acid-test (quick) ratio and write it as x : 1 to 2 decimals. You will also take out inventory only, keeping receivables and cash in. And you will read the acid test next to the current ratio for a stock-heavy business.

SKU: PL-MCB-NUM-29

Category: Micro courses

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Description

Who it’s for: Anyone in business who works with prices, costs, budgets or reports and wants to be sure the numbers are right.

What happens in it: a short film shows a comfortable current ratio, a storeroom full of winter stock, and the stricter test that leaves it out. In Your call you make the decisions in a real case: a division short of its acid-test target, last season’s sneakers in the storeroom and buyers keen to order more. Then, in the boardroom, you make the case to Desmond, the group finance director, in three questions.

How it works: five scenes in about 30 minutes: the data film, the lesson, Your call, practice with fresh numbers that mark themselves, and the boardroom. Finish all five for your certificate. It is course 4 of 5 in the Is the business healthy? season of the Numbers for Business series.