*Current Assets: cash and other assets that are expected to be converted to cash within a year
**Fixed Assets: assets that are purchased for long-term use and are not likely to be converted quickly into cash, such as land, buildings, and equipment
*Current Assets: cash and other assets that are expected to be converted to cash within a year
**Fixed Assets: assets that are purchased for long-term use and are not likely to be converted quickly into cash, such as land, buildings, and equipment