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Which of the following statements about Aryan society in India is not true?
Total Current Assets
The total value of all assets that a company expects to convert into cash within one year, including cash, inventory, and accounts receivable.
Total Current Liabilities
The sum of all liabilities of a company that are due within one year, including accounts payable, short-term loans, and other short-term financial obligations.
Assets
Resources owned by a person or business that have economic value and can provide future benefits.
Inventory Turnover Ratio
Indicates how many times a company's inventory is sold and replaced over a certain period, calculated by dividing cost of goods sold by average inventory.
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