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Which can be a TRUE statement?
Current Assets
Assets expected to be converted into cash, sold, or consumed within one year or within the normal operating cycle of the business, whichever is longer.
Current Ratio
A financial metric assessing a firm's capacity to cover its short-term debts using assets due within the same period.
Current Assets
Assets that are expected to be converted into cash, sold, or consumed within one year or within the normal operating cycle of the business.
Current Liabilities
Current liabilities are obligations a company must pay within one year, including accounts payable, short-term loans, and taxes owed.
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