#Namely synonym plus#
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See Also: 'CREATE SYNONYM: Examples' and 'Oracle Database Resolution of Synonyms: Example' Specify the name of the synonym to be created. You cannot specify a schema for the synonym if you have specified PUBLIC. If you omit schema, then Oracle Database creates the synonym in your own schema. Specify the schema to contain the synonym. If you do so, then all PL/SQL units that use that name will be invalidated. Take care not to create a public synonym with the same name as an existing schema. If you create a public synonym and it subsequently has dependent tables or dependent valid user-defined object types, then you cannot create another database object of the same name as the synonym in the same schema as the dependent objects. Notes on Public Synonyms The following notes apply to public synonyms: A private synonym name must be unique in its schema. If you omit this clause, then the synonym is private and is accessible only within its schema. When resolving references to an object, Oracle Database uses a public synonym only if the object is not prefaced by a schema and is not followed by a database link. However each user must have appropriate privileges on the underlying object in order to use the synonym.

Public synonyms are accessible to all users. Specify PUBLIC to create a public synonym. Restriction on Replacing a Synonym You cannot use the OR REPLACE clause for a type synonym that has any dependent tables or dependent valid user-defined object types. Use this clause to change the definition of an existing synonym without first dropping it. Specify OR REPLACE to re-create the synonym if it already exists. To create a PUBLIC synonym, you must have the CREATE PUBLIC SYNONYM system privilege.ĭescription of the illustration create_synonym.gif To create a private synonym in another user's schema, you must have the CREATE ANY SYNONYM system privilege. To create a private synonym in your own schema, you must have the CREATE SYNONYM system privilege. Thank you for reading CFI’s guide to Quick Ratio.See Also: Oracle Database Concepts for general information on synonyms For some companies, however, inventories are considered a quick asset – it depends entirely on the nature of the business, but such cases are extremely rare. The quick ratio is different from the current ratio, as inventory and prepaid expense accounts are not considered in quick ratio because, generally speaking, inventories take longer to convert into cash and prepaid expense funds cannot be used to pay current liabilities. To learn more about this ratio and other important metrics, check out CFI’s course on performing financial analysis. Having a well-defined liquidity ratio is a signal of competence and sound business performance that can lead to sustainable growth. Investors, suppliers, and lenders are more interested to know if a business has more than enough cash to pay its short-term liabilities rather than when it does not. The quick ratio is the barometer of a company’s capability and inability to pay its current obligations. Hence, it is commonly referred to as the Acid Test.

Inventory – because it may take too long to convert inventory to cash to cover pressing liabilitiesĪs you can see, the ratio is clearly designed to assess companies where short-term liquidity is an important factor.

Prepaid expenses – because they can not be used to pay other liabilities.

Generally speaking, the ratio includes all current assets, except:

#Namely synonym download#

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#Namely synonym plus#

This formula takes cash, plus securities, plus AR, and then divides that total by AP (the only liability in this example). The formula in cell C9 is as follows = (C4+C5+C6) / C7 A ratio above 1 indicates that a business has enough cash or cash equivalents to cover its short-term financial obligations and sustain its operations. This company has a liquidity ratio of 5.5, which means that it can pay its current liabilities 5.5 times over using its most liquid assets. Quick Ratio = / Current Liabilities Example

These assets are known as “quick” assets since they can quickly be converted into cash. These assets are, namely, cash, marketable securities, and accounts receivable. The Quick Ratio, also known as the Acid-test or Liquidity ratio, measures the ability of a business to pay its short-term liabilities by having assets that are readily convertible into cash.