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One of the key assumptions of Glen Elder's model is that:
Current Assets
Assets that are expected to be converted into cash, sold, or consumed within one year or within the business's normal operating cycle, whichever is longer.
Stockholders' Equity
The residual interest in the assets of a corporation that remains after deducting its liabilities; essentially the net worth of a company.
Note Payable
A written promise to pay a specific amount of money, usually with interest, by a certain date.
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