Definition of Quick Assets

Quick Assets is a measure of liquidity that subtracts the value of a corporation’s unsold inventory from its current assets.

Applying "Quick Assets" to Securities Exams:

A corporation’s assets have varying degrees of liquidity. That is to say that some assets can be readily converted to cash and some assets can not be converted to cash in a short period of time. Quick assets are those assets that include cash, cash equivalents, marketable securities and accounts receivable. All of these assets can be readily used to pay a corporation’s current liabilities or easily converted to cash to pay the current liabliltes

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