Current assets are those assets on the balance sheet that are expected to be converted into cash within a relatively short period of time, usually one year. Current assets typically include cash, accounts receivable, marketable securities, and inventory. The importance of current assets is that they provide liquidity for the corporation's operations. In a sense, current assets are the opposite of current liabilities. The more current liabilities the corporation has, the more current assets it will typically need to pay those liabilities. Thus, the difference between current assets and current liabilities is itself an important number, called working capital.