NY.CPA.Someday
offlineMember
I was just wondering if we need to know all the ratios for AUD such as the Quic, Acide, etc. ratios. I'm starting to see a bunch of these pop up in the Becker A4 questions. Thanks for the input!
michelle119
offlineMember
I was thinking the same thing. I just did all the multiple choice questions and they seemed to pop up a lot in the supplemental questions. I also just finished the simulation for the chapter and one whole tab had to deal with ratios. Thankfully I just took BEC and have them still fresh in my mind, and only need to brush up on a few of them. I'm going to try and memorize the rest since if you know the formulas they will be easy points on the exam.
potatogun
offlineMember
However, on the simulations you will have a resource tab with them. For MCQ know the basic ones: inventory TO, AR TO, Quick, Current, Debt/Equity, Interest coverage, etc.
If you actually understand what the ratio is testing they are pretty easy to just figure out again if you don't have it memorized.
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