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

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Originally Posted by Just Looking

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

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