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Quick Asset

   Also found in: Dictionary/thesaurus, Legal 0.01 sec.
Quick Assets
Highly liquid assets that a company holds. Quick assets are either cash and cash equivalents or anything that can quickly be changed into them. Examples include stocks and bonds. See also: Current assets.

quick asset
A current asset that is easily convertible into cash with no loss of value. Quick assets are often calculated as current assets minus inventories. See also net quick assets.


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InfoSonics ended the third quarter of 2009 with quick assets (cash and accounts receivable) of $69.
InfoSonics ended the second quarter with quick assets (cash and accounts receivable) of $67.
InfoSonics ended the first quarter with quick assets (cash and accounts receivable) of $49.
 
 
 
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