A liquid asset can be converted quickly to cash with little sacrifice in its value Which of the following asset classes is generally considered to be the least liquid? Accounts receivable Inventories Plant and equipment The most recent data from the annual balance sheets of Pellegrini Southern Inc. and LeBron Sports Equipment Inc. are as follows: Balance Sheet December 31st (Millions of dollars) LeBron Sports Equipment Inc Pellegrini Southern Inc LeBron Sports Equipment Inc Pellegrini Southern Inc Assets Current assets Liabilities Current liabilities $1,722 630 1,848 4,200 $1,107Accounts payable $0 380 2,151 2,531 3,094 $0 Cash Accounts receivable Inventories 405 1,188 2,700 Accruals 2,025 2,025 2,475 Notes payable Total current liabilities Total current assets Net fixed assets Net plant and equipment Long-term bonds