Quick assets
A-Vic
Registered Posts: 6,970 Beyond epic contributor 🧙♂️
Hey all working on section 2 liqiuity ratios and looking at the acid test does anyone know what it means by quick assets?
Thanks
Vic
Thanks
Vic
0
Comments
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Dont matter mananged to work it out0
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Hi Vic
OK - what are quick assets?
AnnaFMAAT - AAT Licensed Member in Practice - Pewsey, Wiltshire0 -
Quick Assets defined
A current asset that is easily convertible into cash with no loss of value. Quick assets are often calculated as current assets minus inventories0 -
there used to work out the liquidity of a business as very well explained0
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Thank you.
Been on a course - hence delay in acknowledging!!!
Happy Studying all.
A xFMAAT - AAT Licensed Member in Practice - Pewsey, Wiltshire0
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