Balance Sheet

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Title: Balance Sheet

Essay Details:

Subject: Business

Author: Frances L

Date: August 13, 2015

Level: University

Grade: A

Length: 2 / 412

Essay text:

This information can tell whether a company has enough assets to pay debts as they come due. Current assets would include; cash on hand, short term investments, accounts receivable, inventories, supplies, and prepaid insurance. Current assets that are expected to be converted to cash or used up with in one year. A company can use a period longer than one year to classify assets and liabilities as a current asset, because they have an operating cycle of longer than one year. Operating cycles is used to determine the time it takes to; purchase inventory, sell, and then collect money from the customers...

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