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SOFE SOFA-CFE Exam - Topic 2 Question 53 Discussion

The formula to calculate quick ratio is:
D) Quick ratio = (Cash + Securities + Receivables) / Current liabilities
A) Quick ratio = (Credit + Securities + Receivables) / Current liabilities
B) Quick ratio = (Cash + Securities + Payables) / Final liabilities
C) Quick ratio = (Credit + Securities + Payables) / Final liabilities

SOFE SOFA-CFE Exam - Topic 2 Question 53 Discussion

Actual exam question for SOFE's SOFA-CFE exam
Question #: 53
Topic #: 2
[All SOFA-CFE Questions]

The formula to calculate quick ratio is:

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Suggested Answer: D

by Arthur at Jun 17, 2022, 03:58 PM

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Arthur
8 months ago
Yup, D is the one! Easy to remember too!
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Pa
8 months ago
Wait, are we sure about this? Seems too simple.
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Jolanda
9 months ago
Definitely option D! It’s the most commonly used formula.
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Fletcher
9 months ago
I thought it was about payables, but I guess not.
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Eun
9 months ago
Quick ratio = (Cash + Securities + Receivables) / Current liabilities is correct!
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Gregoria
9 months ago
I feel like option D sounds familiar, but I might be mixing it up with another liquidity ratio.
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Denise
9 months ago
I remember practicing a similar question, and I believe the correct formula is related to cash and securities, but I can't recall the exact components.
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Rueben
9 months ago
I think the quick ratio involves cash and receivables, but I'm not sure if it includes payables or current liabilities.
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Peggie
9 months ago
I thought the quick ratio was about measuring short-term liquidity, so it should definitely include cash and receivables, but I’m unsure about the liabilities part.
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Genevive
9 months ago
Wait, I'm a little confused. Isn't VOC also used to analyze product issues and improve processes? I'm not sure if option A is the only correct choice.
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Kris
10 months ago
I feel pretty confident about this one. The code clearly shows the creation of a Match object, and I can see how the properties are being set. I'll carefully analyze the process to determine the number of Location property assignments.
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Alease
10 months ago
I vaguely recall something about customer facilities being a good spot for safety stock, but it feels a bit risky for inventory management.
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