What does average current assets mean?

average current assets meaning in Law Dictionary

The amount of records in receivables, money, and stock just to name some. They truly are effortlessly became money or could be sold around.

average current assets meaning in Business Dictionary

typical quantity of accounts receivable, money, stock, etc., which are often transformed quickly into money or is expected to be sold within a year. Formula: (present possessions of current year + existing assets of earlier 12 months) ÷ 2.