Question Details

	Username: PrettyWoman Rating: Asked to: Goro Yang Date Created: 08 Mar 2018
Category	28
Tag	Financial
Question	What are 'Quick Assets'?

Advice from Guru

Hello PrettyWoman,

Quick assets refer to assets owned by a company with a commercial or exchange value that can easily be converted into cash or that is already in a cash form. Quick assets are the highly liquid assets held by a company, including marketable securities and accounts receivable. Companies use quick assets to calculate certain financial ratios that are used in decision making, including the quick ratio.

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