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Basic Question 5 of 12
The least liquid current asset is ______.
A. marketable securities
B. accounts receivable
C. inventory
User Contributed Comments 7
| User | Comment |
|---|---|
| danrow | Which one of those is the most liquid asset? Marketable securities? |
| surob | Yes |
| Drzewes | If it was as one of the possibilities, would prepaid expenses go as the least liquid? |
| Psalm119 | yes. i believe prepaid expenses would be less liquid in comparison to inventory. |
| reganbaha | cash |
| birdperson | cash is most liquid |
| ascruggs92 | A/R can be factored (sold for money) so they are pretty liquid |
I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu
Learning Outcome Statements
calculate and interpret common-size balance sheets and related financial ratios
CFA® 2025 Level I Curriculum, Volume 2, Module 3.