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A liquid asset can be converted quickly to cash with little sacrifice in its value. Which of the following assets classes is generally considered to

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A liquid asset can be converted quickly to cash with little sacrifice in its value. Which of the following assets classes is generally considered to be the least liquid? O Real estate assets O Money market securities Treasury bills The most recent data from the annual balance sheets of East India Inc. (Ell) and Oceankc Inc. are given. Balance Sheet For the Year Ending on December 31 (Millions of dollars) EII Oceanic EII Oceanic Assets Current assets Liabilities & Equity Current liabilities: Cash Accounts receivable Inventories 287 105 308 700 184 Accounts payable 68 Accruals 198 Notes payable Total current assets Net fixed assets: Net plant and equipment 63 359 422 515 937 337 337 413 750 450 Total current liabilities Long-term bonds 550 SS0 Total debt Common equity Common stock Retained earnings Total common equity Total liabilities and equity 203 110 313 1,250 163 57 250 1,000 Total assets 1,250 1,000 Oceanic's current ratio is and its guick ratio is , whereas Ell's current ratio is , and its quick ratio is

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