The quick ratio is calculated using which of the following?

The quick ratio, also known as the acid-test ratio, is a financial metric used to assess a company's ability to meet its short-term obligations with its most liquid assets. The quick ratio specifically focuses on assets that can be quickly converted into cash, which is essential in evaluating a company's liquidity without relying on inventory.

The correct approach to calculating the quick ratio involves taking cash and accounts receivable, which are both highly liquid. This sum is then divided by the current liabilities, providing a clear indicator of whether the company can cover its short-term debts using only its most liquid assets.

The other choices do not accurately represent the formula for calculating the quick ratio. For instance, adding current liabilities directly to current assets does not give a meaningful measure of liquidity. Similarly, subtracting accounts receivable from cash is not a recognized calculation of the quick ratio. Lastly, using accounts payable divided by total assets does not relate to the liquidity assessment that the quick ratio aims to achieve.