These assets let businesses pay their short-term debts and liabilities and fund day-to-day operations. Noncurrent assets, on ...

A balance sheet offers a glimpse into a company’s assets and breaks them into two categories: current and non-current assets. Current assets like cash equivalents and securities can easily be ...

Current assets contrast noncurrent assets like long-term notes receivable, and intangible assets like patents. A work in progress is a task, assignment, or project that is still under production.

Total Assets: Represents the sum of all current and non-current assets, such as cash, inventory, property, and investments. The ratio is expressed as a percentage or a decimal. Company XYZ’s ...