Which of the following is a measure of how quickly an item can be converted to cash?
A)debt ratio
B)current ratio
C)liquidity
D)accounting cycle

Question

Quizplus · Accepted Answer

Liquidity refers to the ability of an item to be converted into cash quickly. The debt ratio and current ratio measure a company's ability to pay off its debts, while the accounting cycle refers to the process of financial reporting.

Which of the Following Is a Measure of How Quickly