Which of these assets are "quick assets"?

-Cash and cash equivalents
-Short-term investment
-Trading assets
-Accounts receivable
-Inventories
-Deferred tax assets
-Other current assets

I am thinking "cash and cash equivalents" and "accounts receivable" are, but I'm not sure about the rest. Could someone help me? Thank you.

"Quick assets" are assets that can be easily converted into cash or are already in the form of cash. Based on this definition, the "quick assets" in the given list would include:

- Cash and cash equivalents: This refers to cash held by the company and any highly liquid short-term investments that can be easily converted into cash.
- Accounts Receivable: This represents money owed to the company by its customers for goods or services already delivered.

The other assets in the list may not be considered "quick assets" because they may not be easily convertible into cash or may not already be in cash form. However, let's clarify each one:

- Short-term Investment: Depending on the nature of the investment, it could be easily converted into cash, so it may be considered a quick asset. However, more information is needed to determine if they meet the criteria.
- Trading Assets: Trading assets refer to assets, such as securities and commodities, that are held for short-term trading purposes. They are typically highly liquid and can be easily converted into cash, so they may also be considered quick assets.
- Inventories: Inventories are goods held by the company that are intended for sale. They are not usually considered quick assets because they require time to be sold and converted into cash.
- Deferred Tax Assets: These are future tax benefits that may be realized through deductions or credits. They are not typically considered quick assets because they cannot be easily converted into cash.
- Other Current Assets: This category encompasses a wide range of assets that do not fall into the other categories mentioned. Without further details, it is difficult to determine if they are quick assets. It would be best to review the specific assets included in this category for more information.

In conclusion, "cash and cash equivalents" and "accounts receivable" are generally considered quick assets. The other assets may or may not be classified as quick assets depending on their characteristics and liquidity.

Sure! I'd be happy to help you identify which assets are considered "quick assets" from the list you provided. Quick assets, also known as liquid assets, are ones that can be easily converted into cash within a short period of time, usually within 90 days.

Here's how you can determine which of the assets in your list are quick assets:

1. Cash and cash equivalents: Yes, cash and cash equivalents are considered quick assets. Cash is the most liquid asset, while cash equivalents are short-term investments that can be quickly converted into cash.

2. Short-term investments: Short-term investments can be quick assets depending on their liquidity. If these investments can be easily converted into cash within 90 days, they can be considered quick assets. You would need to assess the specific characteristics and terms of these investments to determine their liquidity.

3. Trading assets: Trading assets typically refer to financial instruments like stocks, bonds, or derivatives held for the purpose of generating short-term profits. These assets can be quickly sold for cash and are generally considered quick assets.

4. Accounts receivable: Yes, accounts receivable are considered quick assets. They represent money owed to a company by its customers and can be converted into cash quickly.

5. Inventories: Inventories are not typically considered quick assets because they may take time to sell and convert into cash. However, certain types of inventories, such as perishable goods or highly marketable items, may be considered quick assets.

6. Deferred tax assets: Deferred tax assets are not quick assets. They represent tax benefits that a company can use to reduce its future tax liabilities. These assets are not easily convertible into cash in the short term.

7. Other current assets: It depends on the specific nature of the other current assets included in this category. Some assets, like prepaid expenses or short-term loans, may be considered quick assets, while others may not. You would need to review the specific components of this category to determine which assets can be classified as quick assets.

To summarize, the assets from your list that are typically considered quick assets are: cash and cash equivalents, short-term investments (if they can be easily converted into cash), trading assets, and accounts receivable. The other assets may or may not be quick assets depending on their specific characteristics.