Match the following definitions and terms by placing the number that identifies the best definition in the blank space next to the term.
Definitions:
Current Ratio
A financial metric indicating a firm's capability to settle short-term debts, determined by dividing its current assets by its current liabilities.
Balance Sheet
A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a basis for computing rates of return and evaluating its capital structure.
Sales On Account
Transactions where goods or services are sold with payment to be received at a later date, often documented through invoices.
Cost Of Goods Sold
Direct expenditures linked to the making of products that a company offers for sale.
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