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Current Ratio
A liquidity ratio that measures a company's ability to cover its short-term obligations with its short-term assets.
Income Statement
A financial statement that shows a company's revenues, expenses, and net income over a specific period of time, indicating its profitability.
Debits
Entries on the left side of a double-entry accounting system that increase assets or expenses or decrease liabilities, equity, and income.
Credits
In accounting, credits refer to the side of an account that decreases assets or increases liabilities and equity.
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