Match the Terms with the Definitions

Multiple Choice

Match the terms with the definitions.
-Refers to the speed with which an asset can be converted to cash.

A) selling expenses
B) quick assets
C) average days to sell inventory
D) book value
E) property, plant, and equipment
F) operating cycle
G) quick ratio
H) general expenses
I) gross profit
J) net sales
K) multiple-step income statement
L) inventory turnover
M) liquidity