流动资产是周期小于等于一年的资产，就是说流动资产可以很轻易的转换成现金。
Current assets have a life span of one year or less, meaning they can be converted easily into cash.
能在下一个会计年度或下一个经营周期收回和转换成现金的应收票据，归入流动资产，并按面值入帐。
Notes receivable which can be collected and converted into cash during next accounting year or operating cycle are classified as current assets and are recorded at face value.
有时适合买周期性股票；有时适合买转换债券；有时则需坐拥现金。
There are times to buy blue-chips, cyclicals, convertible bonds, and there are times to sit on cash.
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