流动资产

In the end, there is a brief conclusion . The conclusion of this passage mainly includes: The listed companies have obvious preference for stock right financing, and the financing order is stock right financing, the short-term debt, endogenous financing, the long-term debt, which differs from that of western countries; Financing structure is characterized by comparatively lower asset-liability rate, higher floating debt and lower long-term debt; The governance structure is irrational, and the shareholders" meeting perform practically no function. In the meanwhile, board of director structure is unreasonable, which is highly coincident with the manager layer. Board of supervisors" independent character is poor, while manager layer is lacking in restraints and supervision; The interdynamic

本文的结论：上市公司有明显的股权融资偏好，融资顺序为股权融资、短期负债、内源融资、长期负债，这与西方国家上市公司的融资顺序不同；融资结构具有资产负债率相对较低，流动负债偏高、长期负债偏低的特征；治理结构不合理，股东大会形同虚设、董事会结构不合理、董事会与经理层高度重合、监事会独立性不强、经理层缺乏约束与监督；治理结构与融资策略选择的互动关系不强；独立董事比例与资产负债率正相关，工业、公用事业与资产负债率负相关，商业与流动负债率正相关，第一大股东持股比例与流动负债率负相关，第一大股东持股比例与长期负债率正相关，执行董事比例、工业、商业与长期负债率负相关。

Therefore,on the base of the theory of industrial innovation, and by analyzing the reality of knowledge's flowage of medical and pharmaceutical products in China,it is concluded that the flow of knowledge becomes more and more important in the industrial innovation of medical and pharmaceutical products in China,especially the flow of technology.

因此，本文在阐述了产业创新与知识流动的理论基础上，通过具体分析中国医药产业知识流动的现状，研究了技术、人才、知识资产的流动与医药产业创新产出的相关性后得出，在中国医药产业的创新中，技术、人才和知识资产的流动越来越频繁，其重要性也日益突出，尤其是技术的流动，大大影响了产业创新的效率。

Zero working capital management through the reduction in current assets' investment, causes the working capital to account for the enterprise total turnover the proportion tends is smallest, is advantageous for the enterprise the more fundings invested to the income high fixed asset or the long-term investment; Through floats a loan the current liabilities to meet the working capital need massively, reduces enterprise's fund cost.

零营运资金治理通过减少在流动资产上的投资，使营运资金占企业总营业额的比重趋于最小，便于企业把更多的资金投入到收益较高的固定资产或长期投资上；通过大量举借短期负债来满足营运资金需求，降低企业的资金成本。

Zero working capital management through the reduction in current assets investment, causes the working capital to account for the enterprise total turnover the proportion tends is smallest, is advantageous for the enterprise the more fundings invested to the income high fixed asset or the long-term investment; Through floats a loan the current liabilities to meet the working capital need massively, reduces enterprises fund cost.

零营运资金管理通过减少在流动资产上的投资，使营运资金占企业总营业额的比重趋于最小，便于企业把更多的资金投入到收益较高的固定资产或长期投资上；通过大量举借短期负债来满足营运资金需求，降低企业的资金成本。

Market, to the present, the company has three million yuan in fixed assets, current assets of 5,000,000 yuan, the factory covers an area of 16,800 square meters, building area of 3600 square meters, equipped, advanced technology, water, electricity, gas, refrigeration, environmental protection facilities, with first-class detection means.

我公司自1985年成立以来，始终坚持产品质量第一、客户第一、信誉第一的经营理念，所生产的：&昌虹&牌五大系列20多种化工染料遍及全国30多个省、市、自治区并远销欧亚地区，部分产品已打入美国市场，到目前，公司拥有固定资产300万元，流动资产500万元，厂区占地16800平方米，建筑面积3600平方米，设备精良，工艺先进，水、电、气、制冷、环保设施齐全，拥有一流的检测手段。

In its open-market operations, the Bank should act as market maker of last resort, by standing ready to purchase, at a properly conservative/punitive price,normally liquid assets that have become illiquid through a systemic flight to quality and liquidity caused by fear, panic and other contagion effects.

在其公开市场业务，银行应作为做市商，最后手段，以随时准备购买，在一个适当的保守/惩罚性价格，通常流动资产，已成为一个系统性的流动性飞行，以质量和流动性所造成的恐惧，恐慌和其他的传染效应。

The accounts receivable means business enterprise because credit sale product or provide rent service but become of should accept amount of money, is an important item of business enterprise current assets.

应收账款是指企业因赊销产品或提供劳务而形成的应收款项，是企业流动资产的一个重要项目。

Example are cash, notes receivable, accounts receivable, inventory, and prepaid expenses (prepaid insurance, prepaid rent, and so on).

现金，应收票据，应收账款，存货以及其它预付的费用都属于流动资产。

Also, the establishment of logistic regression model proves that the choice of stock delivery valuation methods doesn't vary greatly by political affairs and cost of contract, while the establishment of multiple linear regression model bears out that there is a statistics significan ce between accounting evaluation, accounting profession judgment from listed companies' non-circulating assets value depreciation and reflux and the scale of major business income and the relation of high and low ratio of debt to equity. Yet, there is no statistic significance between the relationship of the publication of interest encouraging plan and company establishment date.

在此基础上，本文抽取了实施新会计准则体系之前2005年我国上市公司样本，通过建立有序分组的线性趋势检验模型研究证实，以0.05为显著水平，我国上市公司存货收发频繁程度与发出存货计价方法简化程度之间，并不显著存在一般认为应有的线性关系，排除了发出存货计价方法选择这一混杂因素的影响；进而，通过建立logistic回归模型证实，发出存货计价方法的选择也并不显著受政治和契约成本的影响；通过建立多元线性回归模型证实，上市公司对非流动资产减值的会计职业判断，与其主营业务收入的规模和负债权益比率的高低之间的关系有统计学意义，与是否公布股权激励计划和公司成立时间之间的关系没有统计学意义。

It is well capitalised and holds $170bn of cash and liquid assets to hand, just in case.

它的资本金充足，手头拥有1700亿美元的现金和流动资产，以防不备之需。

The split between the two groups can hardly be papered over.

这两个团体间的分歧难以掩饰。

This approach not only encourages a greater number of responses, but minimizes the likelihood of stale groupthink.

这种做法不仅鼓励了更多的反应，而且减少跟风的可能性。