In calculating your firm's quick ratio, which of the following are not considered to be a "quick asset"?

The correct choice in this scenario is inventory, as it is not considered a quick asset when calculating the quick ratio. The quick ratio is a financial metric that assesses a firm’s ability to meet its short-term liabilities using its most liquid assets. Quick assets include cash, accounts receivable, and marketable securities, as these can be converted to cash quickly or are already in cash form.

Inventory, on the other hand, is not included in the quick ratio because it is not as readily convertible to cash. Selling inventory takes time and is contingent upon the business's ability to sell the goods at a profit. Additionally, factors such as obsolescence or market demand may affect the liquidity of inventory, making it less reliable as a current asset for immediate obligations. This distinction is critical when assessing a company’s short-term liquidity position, focusing on the most liquid assets.