Other Important Things to Look forEach financial statement will provide a clear picture of the company in general, an overview of accounting policies and an explanation of the company's financial statement items including other important information. However, this report will be meaningless without understanding the aspect ratio in it....
Types of AssetsBasically, assets are classified into two categories, current assets, and non-current assets. The following is an explanation of each type of asset:1. Current AssetsCurrent assets are the most liquid type of asset. That is, the assets are the fastest and easiest to convert into cash. Current assets...