Which of the following assets represent the most important current asset of many manufacturing companies?
A) Cash
B) Accounts receivable
C) Inventories
D) Property, plant, and equipment
E) Short-term investments

Question

Quizplus · Accepted Answer

Inventories are typically the most important current asset for manufacturing companies because they consist of the raw materials, work-in-progress, and finished goods that are essential for production and sales activities.

Which of the Following Assets Represent the Most Important Current