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Acid-Test Ratio
The acid-test ratio, also called the quick ratio, evaluates a company’s short-term liquidity by measuring its ability to pay current liabilities using only quick assets like cash, receivables, or marketable securities. Excluding inventory, it provides a stricter test than the current ratio. A ratio above 1 usually signals strong liquidity.
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Annual GST Return (BAS)
The periodic Business Activity Statement Australian businesses lodge to report GST and other tax obligations.
ATO (Australian Taxation Office)
Australia's federal revenue collection agency, responsible for tax administration and compliance.
ABN (Australian Business Number)
A unique 11-digit identifier businesses use for tax and invoicing purposes in Australia.
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