Question

Explain the term Current assets and fixed assets???​

Answer 1

Answer:

The assets on a company's balance sheet are generally classified as either current assets or fixed assets.

Current assets are highly liquid and may be easily converted into cash in under one year.

Fixed assets are long-term assets companies use to finance the production of goods and services, including property, plant, and equipment (PP&E).

Investors may be more comfortable investing in companies with higher ratios of current assets because these businesses can more easily generate the cash needed to keep their operations running

Answer 2

Answer:

Current Assets are highly liquid and may be easily converted into cash in under one year .

Fixed Assets are long term assets companies used to finance the production of goods and services, including property, plant, and equipment(PP&E).