Examlex
________ is used to make purchases while ________ is the total collection of pieces of property that serve to store value.
Current Liabilities
Liabilities expected to be settled within one year or within the normal operating cycle of the business, such as accounts payable and short-term loans.
Current Ratio
A measure used to determine a company's potential to fulfill obligations due within one year by calculating the ratio of its current assets to its current liabilities.
Indicator Of Liquidity
Measures that indicate how easily a company can convert its assets into cash to cover short-term obligations.
Total Obligations
The sum of a borrower's current and long-term financial responsibilities.
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