Please Define the Following Key Terms

question 70

Short Answer

Please define the following key terms.
-Liberal Arts

---

Definitions:

Liquidation

The method of terminating a business and allocating its assets to those who have claims, typically happening when the business cannot pay its debts.

Noncash Assets

Assets owned by a business that are not cash, including property, equipment, and intellectual property.

Capital Deficiencies

Capital deficiencies occur when a company's financial resources and assets are not sufficient to cover its liabilities and debts.

Income Ratios

Financial metrics that compare various forms of income to another number on the company's financial statement, often used to assess financial health and profitability.