For each statement listed below, state whether it is correct or not.
-Current assets of a major retailer, such as Sears, typically exceed 50 percent of total assets because of merchandise inventory.

Question

Quizplus · Accepted Answer

Current assets of major retailers like Sears often exceed 50 percent of total assets primarily due to the high value of merchandise inventory, which is a significant part of their current assets alongside cash, accounts receivable, and other short-term assets.

For Each Statement Listed Below, State Whether It Is Correct