what are current assets 
current assets represent all the assets of a company that are expected to be conveniently sold consumed used or exhausted through standard business operations within one year current assets appear on a company s balance sheet and include cash cash equivalents accounts receivable stock inventory marketable securities prepaid liabilities and other liquid assets current liabilities are typically settled using current assets the bottom linecurrent liabilities are a company s short term financial obligations bills that are due within one year or within a normal operating cycle current liabilities are typically settled using current assets examples of current liabilities include accounts payable short term debt dividends and notes payable as well as income taxes owed the analysis of current liabilities is important to investors and creditors this can give a picture of a company s financial solvency and management of its current liabilities 