Toast Interview Questions and Answers

Current assets are assets that can be easily converted into cash within a year, while current liabilities are debts that are due within a year.

• Current assets include cash, accounts receivable, inventory, and prepaid expenses

• Current liabilities include accounts payable, short-term loans, and accrued expenses

• Example: Current assets - $10,000 cash, $5,000 accounts receivable, $3,000 inventory, $2,000 prepaid expenses

• Examp...read more