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Acid-Test Ratio
A financial metric that measures the ability of a company to pay its short-term obligations with its most liquid assets.
Balance Sheet
A financial statement that provides a snapshot of a company's financial condition at a specific moment in time, showing assets, liabilities, and owners' equity.
Sales On Account
Transactions where goods are sold and payment is received at a later date, creating accounts receivable.
Cost Of Goods Sold
Represents the direct costs attributable to the production of the goods sold by a company.
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