Q

Quick Assets:
Those assets which, in the ordinary course of business, will be converted into cash within a reasonably short period of time (as within one year).

Quick Ratio:
A quick ratio or acid test ratio is a more rigorous test than the current ratio of short-run solvency. The quick ratio considers cash, marketable securities (cash equivalents) and accounts receivable because they are considered to be the most liquid forms of current assets.