Assets
Current assets: Make money for companies.
Liquidity: A company's ability to meet its financial obligations.
Marketability: A company's ability to liquidate an asset to cash within 12 months.
Noncurrent assets: Long-term and cannot easily convert into cash.
Fixed assets: Noncurrent assets that have a useful life of more than a year.
Assets are valuable items a business owns that help in operations and growth. Balance sheets list assets first.
