Acid Test Ratio = `(c + a + i) / l`
Below is a company's balance sheet, for the fiscal year ended October 30, 2017, by it the acid-test ratio can be calculated.
|Vendor non-trade receivables||$17,799|
|Short-term marketable securities||$53,892|
|Current portion of long-term debt||$6,496|
According to the formula, we can divide current liquid current assets by total current liabilities:-