The ability to convert assets into cash is called liquidity.
Liquidity refers to the efficiency or ease with which an asset or security can be converted into cash without affecting its market price.
Liquidity represents the ability to convert assets into cash. The easier it is to convert an asset into cash, the more liquid it is. And cash is generally considered the most liquid asset. Cash in your bank or credit union account can be accessed quickly and easily via bank transfer or ATM withdrawal.
Liquidity is a measure of a company's ability to repay short-term debt (debts that are due within one year). It is usually expressed as a ratio or percentage of debt to what the company owns.
Learn more about liquidity here:https://brainly.com/question/15315344
#SPJ4
