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Balance Sheet
A financial statement that presents a company's assets, liabilities, and shareholders' equity at a specific point in time.
Income Statement
A financial statement that shows a company's revenues, expenses, and net income or loss over a specific period.
Acid Test Ratio
A financial metric that evaluates a company's ability to pay off its current liabilities with quick assets like cash, marketable securities, and accounts receivable.
Current Liabilities
Short-term financial obligations that are due within one year or within the normal operating cycle of a business.
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