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Current Asset
An asset that is expected to be converted into cash, sold, or consumed within one year or within the normal operating cycle of the business.
Eighteen Months
A period of time equal to one and a half years.
Note Receivable
A written promise that someone will pay a business a specific sum of money on a specified date or on demand.
Days' Sales in Receivables
A financial ratio that measures the average number of days that receivables remain outstanding before being collected.
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