The value of the quick ratio is 1.70.
What is cash?
- Several ancient Asian currencies were known as cash.
- It is used for units in British India, Madras, the Princely State of Travancore, China, and Vietnam.
- The Japanese mon and the Korean mun are also occasionally mentioned when referring to it.
- Money or coins that are legal tender can be used to pay for goods, debts, or services.
- Additionally, as stated by a corporation, it occasionally includes the worth of assets that can be quickly converted into cash.
Who is the creator of cash?
- History suggests that metal artefacts were originally employed as money as early as 5,000 B.C., however no one is certain who invented such money in the first place.
- The Lydians were the first Western civilisation to produce coinage around 700 B.C.
- Soon after, other nations and civilizations started minting their own coins with distinct values.
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