Quick Assets

Posted in Finance, Accounting and Economics Terms, Total Reads: 854
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Definition: Quick Assets

Quick assets can be defined as the assets which are liquid and can be readily converted into cash. It includes following current assets – cash, short term marketable instruments and account receivables.

 

      Inventories

1438.4

      Sundry Debtors

950.2

      Cash and Bank

2528.1

      Short term inv

1573.7

      Total Current Assets

6490.4

 

 

Above table is Maruti Suzuki’s Current asset details as on its balance sheet dated on march 2011.

Quick Assets of Maruti  = Cash and Bank + Sundry Debtors(Account Receivables) + short term investment

                                                = 2528.1 + 950.2 + 1573.7

                                                = 5052

 

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