# Definition

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# Quick Ratio (FY)

The Quick Ratio, also known as the Acid Test Ratio, is defined as Total Current Assets minus Total Inventory for the most recent fiscal year divided by Total Current Liabilities for the same period.

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The Quick Ratio, also known as the Acid Test Ratio, is defined as Total Current Assets minus Total Inventory for the most recent fiscal year divided by Total Current Liabilities for the same period.