Hort 2 5.01 Word Scramble
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| Question | Answer |
| currnet assets + Non-current assets | Total assets |
| Items that can quickly be converted to cash or that will be sold within 12 months Examples- cash on hand, checking and savings accounts,stocks,bonds and cash in value of life insurance, money others owe you, currnet non-depreciable inventory | Current Assets |
| Items that have a useful life of more than one year and are used in the business Examples- non-current, non-depreciable inventory, land | Non-Current Assets |
| Currnet liabilities(debts) + non-current liabilities(debts) | Total Liabilities |
| Accounts and notes payable, this years part of non-current liabilities | Current liabilities |
| Mortagages and other debts not due this year | Non-current liabilities |
| Total assets minus total liabilities | Net Worth or Owners Equity |
| Total liabilities/net worth | Debt-to-Equity Ratio |
Created by:
wmhill
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