What Are Pet Smart's Current Assets
All of the items included under Pet Smart’s current assets are indeed listed in the proper order. The order of current assets is as follows; Cash, Trading Assets, Cash Equivalents. Short-Term Investments, Accounts Receivable, Loan Receivable, Inventory, Deferred Taxes, Pre-Paid Taxes, and other current assets according to Www.fool.com, (2000), Phil Weiss. It is very important to know and realize what your current assets look like. What happens if you do not make enough for that month, how would you pay for your expenses? You would use your cash on hand to take care of this problem. That is why it is always important and wise to save your money because you never know when you just may need it. The current assets on Pet Smart’s balance sheet
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According to Www.wikipedia.com, “cash equivalents are assets that are readily convertible into cash.” For example, CD’s or Money Market accounts are the prime example of accounts that are readily convertible into cash. In other words, there is no reserve or hold on them. However, you could incur a fee from the financial institution for taking the money out before its maturity …show more content…
39,934 37,824
Deferred income taxes ................................................................................................................ 102,992 93,485
Goodwill ..................................................................................................................................... 44,242 44,084
Other noncurrent assets............................................................................................................... 46,970 37,775
Total assets ............................................................................................................................... $ 2,536,981 $ 2,544,084
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable and bank overdraft......................................................................................... $ 202,122 $ 199,177
Accrued payroll, bonus and employee benefits.......................................................................... 176,082 158,079
Accrued occupancy expenses and deferred rents ....................................................................... 70,671
According to Www.wikipedia.com, “cash equivalents are assets that are readily convertible into cash.” For example, CD’s or Money Market accounts are the prime example of accounts that are readily convertible into cash. In other words, there is no reserve or hold on them. However, you could incur a fee from the financial institution for taking the money out before its maturity …show more content…
39,934 37,824
Deferred income taxes ................................................................................................................ 102,992 93,485
Goodwill ..................................................................................................................................... 44,242 44,084
Other noncurrent assets............................................................................................................... 46,970 37,775
Total assets ............................................................................................................................... $ 2,536,981 $ 2,544,084
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable and bank overdraft......................................................................................... $ 202,122 $ 199,177
Accrued payroll, bonus and employee benefits.......................................................................... 176,082 158,079
Accrued occupancy expenses and deferred rents ....................................................................... 70,671