Examlex
Which section of the following passage needs to be edited for incorrect spelling, incorrect grammar, inappropriate word choice or wordiness?
Current Liabilities
Obligations or debts that a company is expected to pay off within one year or within its normal operating cycle.
Quick Ratio
A measure of a company’s ability to meet its short-term obligations using its most liquid assets, excluding inventory.
Current Assets
Assets that are expected to be converted into cash, sold, or consumed within one year or within the business’ normal operating cycle, whichever is longer.
Current Liabilities
Obligations that are due for payment within the next operating cycle or year, including accounts payable and short-term loans.
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