Examlex
Please define the following key terms.
-geocentric conception
Current Ratio
A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year, calculated as current assets divided by current liabilities.
Net Plant
The total value of a company's property, plant, and equipment minus accumulated depreciation, representing the net book value of physical assets used in operations.
Operating Cycle
This refers to the period of time it takes for a business to purchase inventory, sell products, and receive cash from sales.
Sales on Account
Transactions in which goods or services are sold but payment is deferred, creating accounts receivable for the seller.
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