Liquidity and Working Capital Current Assets Current assets are cash and other assets reasonably expected to be (1) realized in cash, or(2) sold or consumed, during the longer of one year or the com pany's operating cycle Current assets include: Cash -ultimate liquid asset Cash equivalents -temporary investments of excess cash Marketable securities- debt or equity securities held as s-t investments Accounts receivable- mounts due from credit sales Inventories items held for sale in the normal course of business Prepaid expenses -advance payments for services and suppliesCurrent assets are cash and other assets reasonably expected to be (1) realized in cash, or (2) sold or consumed, during the longer of one￾year or the company’s operating cycle Current assets include: Cash -- ultimate liquid asset Cash equivalents -- temporary investments of excess cash Marketable securities -- debt or equity securities held as s-t investments Accounts receivable -- mounts due from credit sales Inventories -- items held for sale in the normal course of business Prepaid expenses -- advance payments for services and supplies Liquidity and Working Capital Current Assets