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A quick asset is any asset, such as stocks and bonds, which can quickly be converted into cash.

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10y ago

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What's the formula for quick asset ratio?

1. Quick assets ratio formula Quick asset ratio = quick assets / current liabilities


Is inventory considered a quick asset?

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.


Where can one find more information about Asset Labels?

Maverick Label not only makes it easy to find asset labels - it provides a quick and simple ordering process. They provide options for both custom and standard designs.


What is super quick ratio?

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.


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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


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Is asset or liability?

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