ramzes

Oh no
I am sorry

Job71188 you are definitely right. Rus1bus was wrong when he says the following:

"But, though they may be Current Assets, they will NOT be included in ANY of the Liquidity Ratios (Current, Quick or Cash). The rationale is, unlike Inventory or Receivables, these assets will never be converted into cash"

These prepaid assets ARE included in current assets to calculate the current ratio.

They are EXCLUDED from quick assets (becuase they cant really be liquidated) to determine the quick ratio

Job71188 please confirm that you have read this post. You were right. I hope I dont end up changing your thinking. I misread your statment as rus1bus's. He is right (almost) all the time.