Current assets are cash and other resources that are reasonably expected to be realized in cash or sold or consumed in the business within one year of the balance sheet date or the operating cycle of an enterprise，whichever is longer.It is customary to recognize four types of such assets:(1)cash，(2)marketable securities，(3)receivables(notes receivable，accounts receivable，and interest receivable)，and(4)prepaid expenses.These items are listed in the order of liquidity，i.e.，according to their expected realization in cash.Current assets are important in assessing short-term debt-paying ability of an enterprise.