Currently, receivables account for the majority of the current assets of retail firms. Cash and short-term securities are more important for oil companies, and inventory makes up the bulk of the current assets of electronic companies.

Question

Quizplus · Accepted Answer

The statement is not universally true as the composition of current assets varies by company and industry. Retail firms often have significant inventory, oil companies may have large receivables, and electronic companies can have substantial cash or receivables, depending on their business models and financial strategies.

Currently, Receivables Account for the Majority of the Current Assets