Final answer:
The 'accounts receivable turnover' ratio does not measure a company's short-term debt paying ability, while the cash ratio, current ratio, and quick ratio do. Accounts receivable turnover is a measure of the collection efficiency of a company's receivables. Option A
Step-by-step explanation:
The ratio among the options that is not a measure of a company's short-term debt paying ability is A) accounts receivable turnover. This ratio measures how efficiently a company collects cash from its customers and is more related to the efficiency of the company's credit policies and collection efforts rather than its ability to pay off short-term debt.
On the other hand, the cash ratio, current ratio, and quick ratio are all measures of a company's liquidity, which assess its capability to meet short-term obligations with its most liquid assets.
The current ratio is calculated by dividing current assets by current liabilities, indicating the ability of a company to pay back its short-term liabilities with short-term assets. The quick ratio is a more stringent measure that excludes inventory from current assets due to its less liquid nature.
Lastly, the cash ratio is an even more conservative measure, as it only considers cash and cash equivalents compared to current liabilities. Option A