Modified Quick Ratio. Maintain at all times a consolidated minimum ratio of total accounts receivable divided by total Trading Liabilities (meaning the total of Revolving Loans, accounts payable and accrued liabilities) of .85 to 1.00. The modified quick ratio as of December 31, 1998 was approximately .63:1.00 which is below the minimum.
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Modified Quick Ratio. Maintain at all times a consolidated minimum ratio of total accounts receivable divided by total Trading Liabilities (meaning the total of Revolving Loans, accounts payable and accrued liabilities) of .85 to 1.00. The modified quick ratio as of December 31, 1998 was approximately .63:1.00 which is below the minimum.
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