Definitions for "Acid test"
Procedure performed to help identify a mineral. Certain acids (usually hydrochloric acid and nitric acid) are placed in contact with the mineral or its powder, and, depending on the mineral, it dissolves, effervesces, or remains inactive.
A method to determine the fineness of gold by subjecting it to various acids. Nitric acid is used for testing up to 10k gold, and gold finer than 10k gold will only react with a mixture of nitric and hydrochloric acids known as aqua regia.
It is a process of identifying a mineral. Certain acids, like hydrochloric acid and nitric acid, are brought in contact with the mineral or its powder and it dissolves, effervesces, or remains inactive, depending on the mineral.
The relationship between liquid assets (current assets less inventories) and current liabilities. Acid test is a measure of liquidity.
is a stricter indication than the current ratio of a firm's ability to meet its obligations and expand its business. It is calculated by subtracting inventories from current assets and dividing that into total current liabilities. Page 329
An indicator of a company's financial strength. Calculated by taking current assets less inventories, divided by current liabilities.
Keywords:  crucial, rigorous, appraisal
a rigorous or crucial appraisal