Does total asset mean current asset + noncurrent asset? And is it different from what they call average asset?

Thanks

Yes, total assets are current plus non-current assets. Average assets are the average of two years. The formula would be: (total assets current year + total assets of previous year)/2

Yes, total assets are current plus non-current assets. Average assets are the average of two years. The formula would be: (total assets current year + total assets of previous year)/2


Thanks.. it's a big help.. thanks again. :)