in calculating the acid - test ratio, which of the following is not considered a quick asset? multiple…

in calculating the acid - test ratio, which of the following is not considered a quick asset? multiple choice accounts receivable. cash equivalents. short - term investments. cash. prepaid expenses.

in calculating the acid - test ratio, which of the following is not considered a quick asset? multiple choice accounts receivable. cash equivalents. short - term investments. cash. prepaid expenses.

Answer

Brief Explanations:

Quick assets are those that can be quickly converted into cash. Accounts receivable, cash equivalents, short - term investments, and cash are all highly liquid and can be readily turned into cash. Prepaid expenses are not quick assets as they represent future expenses already paid and do not have an immediate cash - conversion value.

Answer:

Prepaid expenses.