Match the terms below with the correct definitions.
-The ability to convert assets quickly into cash
A)Property and equipment
B)Reversing entries
C)Gross profit
D)Current ratio
E)Working capital
F)Net income or net loss
G)Net sales
H)Income from operations
I)Long-term liabilities
J)Liquidity

Question

Quizplus · Accepted Answer

Liquidity refers to the ease with which assets can be converted into cash without significant loss in value.

Match the Terms Below with the Correct Definitions