Liquid assets include
A) accounts payable.
B) equipment.
C) working capital.
D) office supplies.

Question

Quizplus · Accepted Answer

Liquid assets are assets that can be easily converted into cash or used to pay off current liabilities. Working capital refers to the current assets that a company has available to cover current liabilities, and includes cash, accounts receivable, and inventory. Accounts payable, equipment, and office supplies are not considered liquid assets.

Liquid Assets Include