You work as a Junior Accounting Analyst for The National Bank of Canada. Discuss current assets and liabilities by including the following components:

-give a descriptive explanation of the company's preferred current accounting procedures to help the client better understand them;

-annual sales and an explanation of their increase or decrease from the previous year;

-short-term investments, their value and source (if applicable);

-the balance of accounts receivable and the method of assessing bad debts;

-the amount of short-term liabilities;

-the valuation methods for inventories and their value.

**12th grade accounting