How do I calculate current assets?
An example of an AI chatbot conversation about calculating current assets in finance.
How do I calculate current assets?
To calculate current assets, you sum up all assets that are expected to be converted into cash within a year.
What types of assets are considered current?
Current assets typically include cash, accounts receivable, inventory, and short-term investments.
Can you give me an example calculation?
Sure! If you have $10,000 in cash, $5,000 in accounts receivable, and $15,000 in inventory, your current assets would be $30,000.
What if I have some long-term assets too?
Long-term assets are not included in current assets. Focus only on those that can be liquidated within a year.
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