Examlex
All of the following are allowed a "For AGI" deduction except:
Short-Term Liability
Financial obligations due within a year, such as accounts payable, short-term loans, and other similar debts.
Working Capital
Current assets minus current liabilities, indicating the liquidity available for a company's day-to-day operations.
Current Ratio
A measurement of a corporation's capability to meet obligations due in less than a year by evaluating its short-term liquid assets.
Inventory Turnover
A ratio that measures how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.
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