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    ecolet's Avatar
    ecolet Posts: 2, Reputation: 1
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    #1

    May 20, 2011, 02:58 AM
    What is included in the total asset?
    Does total asset mean current asset + noncurrent asset? And is it different from what they call average asset?

    Thanks
    Just Looking's Avatar
    Just Looking Posts: 1,610, Reputation: 480
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    #2

    May 20, 2011, 04:33 AM

    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
    ecolet's Avatar
    ecolet Posts: 2, Reputation: 1
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    #3

    May 20, 2011, 04:47 AM
    Quote Originally Posted by Just Looking View Post
    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. :)

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