Aa 2. Liquidity ratios 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? Aa O Real estate Treasury bills O Money market instruments The most recent data from the annual balance sheets of Fitcom Corporation and Jing Foodstuffs Inc. are as follows: Balance Sheet December 31st (Millions of dollars) Jing Foodstuffs Corporation Jing Foodstuffs Corporation Fitcom Fitcom Inc Inc Liabilities Current liabilities Assets Current asset $5,740 2,100 6,160 14,000 $3,690 Accounts payable $0 1,266 7,171 8,437 10,313 18,750 $0 Cash Accounts receivable Inventories 1,350 Accruals 3,960 9,000 Total current liabilities Notes payable Total current assets Net fixed assets Net plant and equipment 6,750 6,750 8,250 15,000 Long-term bonds 11,000 11,000 Total debt Common equity 4,063 2,187 6,250 3,250 1,750 5,000 Common stock Retained earnings Total common equity