Quick assets include
A) cash, cash equivalents, receivables, prepaid expenses, and inventory
B) cash, cash equivalents, receivables, and prepaid expenses
C) cash, cash equivalents, receivables, and inventory
D) cash, cash equivalents, and receivables

Question

Quizplus · Accepted Answer

Quick assets are considered to be the most liquid assets, including cash, cash equivalents, and receivables. They exclude inventory and prepaid expenses because these are not as readily convertible into cash within a short period without significant loss of value.

Quick Assets Include