It may also indicate that the firm failed to utilize its assets significantly. Hence, a range of 1-3 is considered ideal. Quick Ratio: Unlike the current ratio, the quick ratio — the “acid ...

With dwindling cash on hand, its leaders are seeking a relatively fast sale of its assets. The long-troubled Nikola Corporation filed for Chapter 11 bankruptcy protection on Wednesday. News from ...

The company voluntarily submitted its petition in the U.S. Bankruptcy Court for the District of Delaware and is now seeking court approval to auction off its assets under Section 363 of the U.S ...