Examlex
The bone identified by the arrow in this figure is the:
Current Ratio
A liquidity ratio that measures a company's ability to pay short-term and long-term obligations, calculated as current assets divided by current liabilities.
Current Assets
Resources owned by a company that are expected to be converted into cash, sold, or consumed within a year or within the operating cycle of the business.
Total Liabilities
The aggregate of all debts and financial obligations a company owes to outside parties.
Adjusting Journal Entries
Entries made in accounting records at the end of an accounting period to allocate income and expenses to the period in which they actually occurred.
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