Liquid Assets means which of the following?

The quick ratio, also known as the "Acid-Test Ratio," is a financial metric that measures a company's short-term liquidity and its ability to meet immediate financial obligations without relying on the sale of inventories.
Formula of Quick Ratio = (Quick Assets) / (Current Liabilities)
Where: Quick Assets or liquid assets = Current Assets - Inventories - Other Non-Liquid Current Assets
Current Liabilities = Short-term obligations and debts due within one year