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David Mark Anderson

Finance company directors made 'untrue' statements

FMA brings charges against OPI Pacific Finance directors

5th Nov 13, 2:34pm

by David Hargreaves

FMA brings charges against OPI Pacific Finance directors

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Definition: Acid test ratio. The acid-test ratio or 'quick ratio' helps to show whether a company can quickly pay off its short-term debts using its most liquid assets. A ratio above 1.0 is generally a good sign. This ratio is more conservative than the current ratio because it leaves out inventory and other assets that aren't easily converted into cash.

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