A quick asset is any asset, such as stocks and bonds, which can quickly be converted into cash.
1. Quick assets ratio formula Quick asset ratio = quick assets / current liabilities
asset
Asset Reconcilation means reconcilation of asset, verifying the asset with the available cash.
A fixed asset.
Current asset.
1. Quick assets ratio formula Quick asset ratio = quick assets / current liabilities
No. Quick assets must be one step or less to convert to cash. Quick assets are cash (doesn't need to be converted), A/R and temporary investments (cash just needs to be collected). Inventory is considered a current asset, but not a quick asset, because it requires two steps to convert to cash. It must be sold, and then the cash must be collected.
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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.
Tangible asset
real asset real asset
asset
dEBIT COST AS AN ASSET DEBIT EARNINGS IN ASSET CREDIT DIVIDENDS RECD IN ASSET dEBIT COST AS AN ASSET DEBIT EARNINGS IN ASSET CREDIT DIVIDENDS RECD IN ASSET dEBIT COST AS AN ASSET DEBIT EARNINGS IN ASSET CREDIT DIVIDENDS RECD IN ASSET
Asset Reconcilation means reconcilation of asset, verifying the asset with the available cash.
A fixed asset.
Current asset.
asset