Question

Highly liquid assets: A. include all intangible assets. B. generally produce a high rate of return. C. increase the probability a firm will face financial distress. D. appear on the right side of a balance sheet. E. can be sold quickly at close to full value.

Answer 1

E. can be sold quickly at close to full value.

Step-by-step explanation:

Highly liquid assets are assets that can be sold quickly at close to full value. They are assets that can be easily converted to cash. Cash is the most liquid asset.