Alternatively, take Fahrenheit, subtract 32 and halve the answer to get to Celsius. Under this system, that 66 F would convert to 17 C, nearly two degrees lower than the correct answer while the 13 C would convert to 58 F, which is close to three degrees higher than the true figure.
Current Asset. Definition: A current asset is an item on an entity's balance sheet that is either cash, a cash equivalent, or which can be converted into cash within one year. Examples of current assets are: 1  Cash, including foreign currency. 2  Investments, except for investments that cannot be easily liquidated. 3  Prepaid expenses.
Companies often divide their assets into net liquid, quick, and current assets. Net liquid assets are what would be left if all of the businesses debts were paid off. Quick assets are those that can be converted into cash immediately, while current assets are those that can be converted within a year.