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What is meant by a controlled act?
Current Assets
Assets that are expected to be converted into cash, sold, or consumed within one year or a business's operating cycle, whichever is longer.
Current Liabilities
Obligations or debts due for payment within one year.
Current Ratio
A financial ratio indicating how well a company can settle short-term debts with its available assets.
Total Assets
The total of all properties a company owns, encompassing both short-term and long-term assets.
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