Define the Term Current Assets as Found on a Balance

question 98

Essay

Define the term current assets as found on a balance sheet.

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Definitions:

Net Fixed Assets

The value of a company’s property, plant, and equipment (PP&E) minus its accumulated depreciation, indicating the net book value of its fixed assets.

Total Assets

The sum of all assets owned by a company, including cash, inventories, property, and equipment.

Total Asset Turnover

An economic indicator that assesses how well a business uses its assets to generate sales.

Profit Margin

A financial metric indicating the percentage of revenue that remains as profit after all expenses are deducted.