Current Assets Formula:

 Cash  Cost of Goods Available for Sale (CGAS)

 Accounts receivable
 Short-term investments Purchases
 Notes Receivable Add: Beginning Inventory
 Inventories Freight-In
 Pre payments Less: Purchase Return and
Allowances
Non – Current Assets Discount
 PPE (Property, Plan & Equipment)
 Goodwill  Cost of Sales
 Fixtures and Furniture CGAS/ Ending Inventory
Current Liabilities

 Accounts Payable
 Notes Payable
 Accrued Liabilities
 Current Portion of Long-term Debts

Non-Current Liabilities

 Bonds Payable
 Mortgages

Equity

 Capital

Revenues

 Sales
 Revenue
 Service Revenue
 Interest Revenue
 Dividend Revenue

Expenses

 Cost of Goods Sold

 Salaries Expense
 Utilities Expense
 Depreciation Expense