Quick assets are defined as:Multiple ChoiceCash, short-term investments, and accounts payable.Cash, short-term investments, and current receivables.Cash, inventory, and current receivables.Cash, noncurrent receivables, and prepaid expenses.Accounts receivable, inventory, and prepaid expenses.

Quick assets (cash, short-term investments, and current receivables) divided by current liabilities is the:Multiple ChoiceAcid-test ratio.Current liability turnover ratio.Current ratio.Working capital ratio.Quick asset turnover ratio.

‘Quick’ assets, as used in the quick ratio, does not include:Group of answer choicesaccounts payableaccounts receivablecashmarketable securities

Assets that are used relatively quickly (within a single accounting period) are called short-term or assets.  (Enter only one word per blank.)

Short-term investments include:Multiple ChoiceNoncurrent assets.Investments in land or other assets not used in operations.Securities that management intends to convert to cash within one year or the operating cycle, whichever is longer, and are readily convertible to cash.Bonds not intended to be converted into cash.Stocks not intended to be converted into cash.

Short-term investments are securities held by a company that are Group of answer choicesreadily marketable.intended to be converted into cash within the next year.readily marketable and intended to be converted into cash within the next year or operating cycle, whichever is longerreadily marketable and intended to be held until maturity.