ðə kwˈɪk ɹˈeɪʃɪˌoʊ ɪz kˈælkjʊlˌeɪɾᵻd baɪ dᵻdˈʌktɪŋ ˈɪnvəntˌoːɹiz ænd pɹɪpˈeɪmənts fɹʌm kˈɜːɹənt ˈæsɛts ænd ðˈɛn dᵻvˈaɪdɪŋ baɪ kˈɜːɹənt lˌaɪəbˈɪlᵻɾiz, ɡˈɪvɪŋ ɐ mˈɛʒɚɹ ʌvðɪ ɐbˈɪləɾi tə mˈiːt kˈɜːɹənt lˌaɪəbˈɪlᵻɾiz fɹʌm ˈæsɛts ðæt kæn biː ɹˈɛdili sˈoʊld.
The quick ratio is calculated by deducting inventories and prepayments from current assets and then dividing by current liabilities, giving a measure of the ability to meet current liabilities from assets that can be readily sold.