Quick assets

A-Vic
A-Vic Registered Posts: 6,970 Beyond epic contributor 🧙‍♂️
in AAT Level 4 (Level 8 in Scotland)
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

Comments

  • A-Vic
    A-Vic Registered Posts: 6,970 Beyond epic contributor 🧙‍♂️
    Dont matter mananged to work it out :)
  • anniem
    anniem Registered Posts: 1,326 Beyond epic contributor 🧙‍♂️
    Hi Vic

    OK - what are quick assets?

    Anna
    FMAAT - AAT Licensed Member in Practice - Pewsey, Wiltshire
  • Amanda Sanderson
    Amanda Sanderson Registered Posts: 6 New contributor 🐸
    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 inventories
  • A-Vic
    A-Vic Registered Posts: 6,970 Beyond epic contributor 🧙‍♂️
    there used to work out the liquidity of a business :) as very well explained
  • anniem
    anniem Registered Posts: 1,326 Beyond epic contributor 🧙‍♂️
    Thank you.

    Been on a course - hence delay in acknowledging!!!

    Happy Studying all.

    A x
    FMAAT - AAT Licensed Member in Practice - Pewsey, Wiltshire

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