Which term is used to identify how quickly assets can be converted into cash?
A) Acid-test ratio
B) Activity
C) Accounts receivable
D) Current ratio
E) Liquidity

Name: Which term is used to identify how quickly assets can be converted into cash? A) Acid-test ratio B) Activity C) Accounts receivable D) Current ratio E) Liquidity
Brand: Quizplus
Rating: 4.8 (37 reviews)

Question

Quizplus · Accepted Answer

Liquidity refers to how quickly and easily an asset can be converted into cash without significantly affecting its value.

Which Term Is Used to Identify How Quickly Assets Can