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Contributions to health savings accounts are made with before-tax dollars.
Current Ratio
A financial metric used to evaluate a company's ability to pay short-term obligations, calculated as current assets divided by current liabilities.
Perpetual Inventory System
An accounting method where inventory levels are updated continuously as transactions occur.
Gross Method
An accounting practice where discounts on purchases or sales are recorded gross, without deducting any purchase or sales discounts.
Inventory
The collective sum of all products and materials possessed by a company intended for either resale or production purposes, encompassing raw materials, unfinished products, and completed items.
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