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Which statement about homeless people in the United States is NOT correct?
Total Assets
The sum of all resources owned by a company, including cash, investments, property, and other assets, reflected on the balance sheet.
Cash Ratio
A liquidity ratio that measures a company's ability to pay off short-term liabilities with cash and cash equivalents alone, without selling or liquidating other assets.
Cash Equivalents
Short-term, highly liquid investments that are readily convertible to known amounts of cash and have original maturities of three months or less.
Current Liabilities
Short-term financial obligations that are due within one year or within the normal operating cycle of the business, whichever is longer.
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