Quick Assets. I assume you mean the assets used for the Quick Ratio. The assets used are Cash + Receivables (Current Assets - Inventory)

To find super quick ratio, first we have to find super quick assets and super quick assets can be found as under;

Super Quick Asset = Quick Assets - Accounts Receivable (Net)

Quick Assets = Current Assets - (Inventory + Prepaid Expense)

Super Quick Ratio = Super Quick Assets / Current Liabilities

Actually, Super Quick Assets tell the amount of money available to pay off current liabilities.

acid test / quick ration = quick assets / quick liablities

quick assets = current assets - stock- prepaid expenses

quick liablities = current liablities - bank overdraft

1. Quick assets ratio formula

Quick asset ratio = quick assets / current liabilities

quick ratio analyzes whether a company can pay off its short-term obligations using its most liquid assets. the ideal quick ratio for companies is 1.50. quick ratio is calculated as follows: