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Current Ratio
A liquidity ratio that measures a company's ability to pay short-term obligations, calculated by dividing current assets by current liabilities.
Working Capital
The gap between a firm's immediate assets and its short-term obligations, reflecting the funds available for daily operations.
Quick Ratio
A liquidity ratio that measures a company's ability to cover its short-term obligations with its most liquid assets.
Accrued Product Warranty Expense
A liability recognized on the balance sheet for potential future costs related to warranty claims on products sold.
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