Given the following assets;
I. Long-term assets
II. Inventories
III. Receivables
IV. Marketable securities
Arrange the above assets in the order of liquidity. (The most liquid being first)
A) I, II, III and IV
B) II, III, IV and I
C) III, IV, II, and I
D) IV, III, II and I
Correct Answer:
Verified
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