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ABC Furniture Company is structured by product.It ignores the traditional domestic-international split.ABC Furniture can be classified as:
Liabilities
Liabilities represent obligations that a company owes to external parties, which might include loans, accounts payable, and other debts.
Working Capital
The measure of a company's operational efficiency and short-term financial health, calculated as current assets minus current liabilities.
Financial Statements
Reports that provide information about a company's financial condition including income, expenses, and net worth.
Current Ratio
A financial ratio that measures a company's ability to pay short-term obligations using its short-term assets.
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