Question

Purchasing marketable securities with cash will have no effect on a company's acid-test ratio.

True or False?

Answer 1

given statement is true

Step-by-step explanation:

given statement of purchase marketable security with the cash have not effect on the organization acid test ratio is true because

the cash and marketable security both will be considered for the calculation of acid test ratio and there is not effect

because change by the cash to the marketable securities

so as that given statement is true