Examlex
Technical insolvency occurs when a firm's liabilities exceed the fair market value of its assets.
Acid Test Ratio
A liquidity metric that measures a company's capability to cover short-term liabilities with assets easily convertible to cash.
Accounts Receivable
The money owed to a company by its customers for goods or services that have been delivered but not yet paid for.
Net Sales
Net sales is the revenue a company generates from its sales of goods or services after deducting returns, allowances for damaged or missing goods, and discounts.
Ending Inventory
The total value of goods available for sale at the end of an accounting period.
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