Question

B C Which is Operating asset Which is Operating liabilities 1 ($ millions, except par value and share data) 2 Assets 3 Current assets 4 Cash and cash equivalents 5 Short-term investments 6 Receivables, net 7 Merchandise inventories 8 Deferred income taxes and other current assets 9 Total current assets 10 Property and equipment 11 Land 12 Buildings and improvements 13 Equipment and fixtures 14 Construction in progress 15 16 Less accumulated depreciation and amortization 17 Net property and equipment 18 Other assets 19 Total assets 20 Liabilities and equity 21 Current liabilities 22 Accounts payable 23 Accrued salaries and benefits 24 Accrued member rewards 25 26 Accrued sales and other taxes 27 Deferred membership fees 28 Other current liabilities 29 Total current liabilities 30 Long-term debt, excluding current portion 31 Deferred income taxes and other liabilities 32 Total liabilities 33

Answer 1

Operating Assets :

Operating assets are those assets acquired for use in the conduct of the ongoing operations of a business; this means assets that are needed to generate revenue.

Operating liabilities are short term liabilities of resulting from primary obligation of the business.

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