average current assets definition

average current assets

Average amount of accounts receivable, cash, inventory, etc., which can be converted easily into cash or is expected to be sold within one year. Formula: (Current assets of current year + Current assets of previous year) ÷ 2.

average current assets is in the Accounting & Auditing, Banking, Commerce & Finance and Investing subjects.

average current assets appears in the definition of the following term: current assets turnover

This content can be found on the following page:

http://www.businessdictionary.com/definition/average-current-assets.html