Asked by
??? ??????? Top Android
on Dec 09, 2024Verified
Which of the following are characteristics of a liquid asset?
A) Provide high yields.
B) Are highly specialized equipment.
C) There is a significant loss in value if sold.
D) Include the firm's shares and bonds.
E) Can be converted into cash quickly, with little or no loss in value, and generally earn low returns.
Quick Conversion
A process or strategy designed to rapidly convert assets or inventory into cash.
Yields
The yield from an investment, like dividends or interest earned, shown as a percentage of the investment's original cost or its current market value.
- Determine the importance and role of liquid assets and liquidity in an enterprise.
Verified Answer
MH
Learning Objectives
- Determine the importance and role of liquid assets and liquidity in an enterprise.