Again, current assets are resources that can quickly be converted into cash within a year or less, including cash, accounts receivable and inventories. The cash asset ratio, or cash ratio, also is similar to the current ratio, but it only compares a company’s marketable securities and cash to its current liabilities. Other measures of liquidity and solvency that are similar to the current ratio might...
Bookkeeping
The current ratio is an important measure of liquidity because short-term liabilities are due within the next year. The current ratio is 2.75 which means the company’s currents assets are 2.75 times more than its current liabilities. On the other hand, a company with a current ratio greater than 1 will likely pay off its current liabilities since it has no short-term liquidity concerns. An excessively...
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The person appraising the value of your business will want to take a historical look at your income trends that may or may not devalue your business. They will want to examine your financial records to identify potential for future growth, which will increase valuation. Therefore, outdated and inefficient transactional processing and a lack of formal documentation policies or financial controls can hurt...
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