Which of the following asset classes is generally considered to be the least liquid?

Treasury bills

Money market securities

Real estate assets

One of the most important assumptions behind the calculation of quick ratio is that:

the firm$$s inventories are highly liquid and can be sold quickly with minimal loss of value to assist in the settlement of the firm$$s financial obligations.

the firm$$s accounts receivables can be collected and converted into cash within the time period for which credit was granted.

the firm$$s accounts receivables will be collected late $($after the expiration of the credit period$)$ or are uncollectible.