In my class we are being asked to respond to answers to questions that others have posted. I need help with a response to the answer below. Any help you can give me would be appreciated. I also MUST HAVE a reference to anything I post so if you could help with a reference that would be so helpful! Thank you!

Current assets are assets that a company plans to convert into cash within one year or the companys operating cycle, whichever is longer. (Kimmel, Weygandt 2017) A current liability is a debt that a company can reasonably expect to pay (a) from existing current assets or through the creation of other current liabilities and (b) within one year or the operating cycle, whichever is longer.(Kimmel, Weygandt 2017) Both long-term assets and liabilities are considered non-current because they will not be effective until the next operating year. It is important that a company distinguishes current from long-term to take a closer look at things such as the debt paying ability of the company. The distinguishing facts of current assets to current liabilities helps determine working capital. There are a lot of reasons that classification of current and long-term assets and liabilities are important. Not only does it make things easier for the company it makes it easier for the people who rely on these to do their jobs proficiently.