The assets which can be easily converted into the cash within a year is known as current assets of the company. The current assets include account receivables, cash, prepaid expenses, and inventories. To calculate: The difference between the relative composition of B company’s current assets at the year ended 2017 and the year ended 2016. Also, compare the result.

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Chapter 2, Problem 2.4.3E

To determine

Introduction:The assets which can be easily converted into the cash within a year is known as current assets of the company. The current assets include account receivables, cash, prepaid expenses, and inventories.

To calculate:The difference between the relative composition of B company’s current assets at the year ended 2017 and the year ended 2016. Also, compare the result.

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