Quick assets include which of the following?
A) Cash, marketable securities, and receivables.
B) Cash, marketable securities, and inventories.
C) Cash, inventories, and receivables.
D) Market securities, receivables, and inventories.

Question

Quizplus · Accepted Answer

Quick assets refer to the assets that can be easily converted into cash. Cash itself is obviously a quick asset, while marketable securities can be sold quickly to generate cash. Receivables represent money owed to the company and can be collected relatively quickly, making them also considered part of quick assets. Inventories, on the other hand, may take time and effort to sell and convert into cash, and are therefore not considered part of quick assets.

Quick Assets Include Which of the Following