Basic ratio analysis question

If by 'assets held for sale' you mean inventory, then they are included in assets when calculating the current ratio but not included when calculating the quick (acid test) ratio. I do not know what you mean by 'liabilities held for sale'. Neither that nor 'assets held for sale' are normal accounting terms and nor are those terms used in the exam.

We can only answer questions relating to the ACCA exams. However you would include all liabilities.