Current Liabilities Are Expected to Be Paid Within One Year

question 33

True/False

Current liabilities are expected to be paid within one year or the operating cycle,whichever is shorter.

---

Definitions:

Debt Ratio

Debt ratio is a financial ratio that measures the extent of a company's leverage by comparing its total debt to its total assets.

Total Liabilities

The combined amount of all financial obligations a company owes to external parties, recorded on the balance sheet.

Total Assets

The sum of all assets owned by a company, including current and non-current assets, as reported on the balance sheet.

Revenues

The total amount of income generated by the sale of goods or services related to a company’s primary operations.