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Binet's case studies of creative and extraordinarily talented individuals led him to conclude that:
Current Assets
Assets that are expected to be converted into cash, sold, or consumed within one year or the operating cycle, whichever is longer.
Net Income
Refers to the total earnings or profit of a company after subtracting all expenses from its total revenue.
Total Debts
The sum of all financial obligations a company owes to outside parties, including both short-term and long-term liabilities.
Current Liabilities
Short-term financial obligations that a company is required to pay within a year.
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