HORTICULTURE

Detailed explanation-1: -A current asset-sometimes called a liquid asset-is a short-term asset that a company expects to use up, convert into cash, or sell within one fiscal year or operating cycle. Non-current assets, on the other hand, are long-term assets that cannot be readily converted into cash within one year.

Detailed explanation-2: -What Are Current Assets? Current Assets are those business assets that will be converted into cash within one year, and assets that will be used up in the operation of a business within one year. That’s the quick definition, for those of you who want the basics.

Detailed explanation-3: -Liquidity refers to the ease with which an asset, or security, can be converted into ready cash without affecting its market price.

Detailed explanation-4: -Quick assets are equal to the summation of a company’s cash and equivalents, marketable securities, and accounts receivable which are all assets that represent or can be easily converted to cash.