Quick Assets are all of a business’s current assets that can be converted into cash within a short period of time, typically 90 days. Examples of quick assets include cash, prepaid expenses, accounts receivable, and marketable securities. These assets are essential to the success of any organization as they help a business stay agile and prepared for whatever may come. In addition, having ample quick assets can provide a business with instant access to funds if it experiences a financial emergency. By maintaining a healthy balance of these assets, businesses can ensure their long-term economic stability.