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? Inventories O O Plant and equipment O Accounts receivable The most recent data from the annual balance sheets of Free Spirit Industries Inc. and LeBron Sports Equipment Inc. are as follows: Balance Sheet December 31st (Millions of dollars) LeBron Free Spirit Sports Industries Equipment Inc. LeBron Free Spirit Sports Industries Equipment Inc. Incl Inc Liabilities Current liabilities Current assets $2,870 $1,845 Accounts payable Accounts receivable 1,050 675 Accruals 633 3,080 1,980 Notes payable 3,586 Inventories 4,500 Total current liabilities 3,375 7,000 4,219 Tota current assets Long-term bonds 5,156 4,125 Net fixed assets 5,500 Total debt 9,375 7,500 5,500 Net plant and equipment Common equity Common stock 2,031 1,625 Retained earnings 1,094 875 Total common equity 3,125 2,500 10,000 10,000 Total liabilities and equity 12,500 12,500 Total assets