What accounting concepts are used in the balance sheet (mainly on assets) based on the data provided below?
Extracted text: 2019 2020 Assets Cash & Short Investments 6.75% 6.479% Accounts Receivable 5.97% 6.25% Inventories 6.76% 5.91% 2.29% 21.77% 1.20% Other Current Assets 2.24% TOTAL CURRENT ASSETS 20.86% Net Property, Plant & Equipment 11.78% Total Investments and Advances 5.6795 56.14% Long-Term Note Receivable Intangible Assets 2.70% 4.25% 2.229% 2.02% Other Assets 4.61% 4.95% TOTAL LONG-TERM ASSETS 78.23% 79.14% TOTAL ASSETS 100.00% 100.00% Liabilities ST Debt &Current Portion LT Debt 4.32% 7.07% Accounts Payable 7.54% 6.77% Income Tax Payable 0.279% 0.22% Other Current Liabilities 5.10% 5.61% TOTAL CURRENT LIABILITIES 17.24% 19.67% 31.11% 0.57% Long-Term Debt 29.48% Deferred Taxes 0.65% Other Liabilities 4.10% 3.90% TOTAL LIABILITIES 53.01% 53.71% Equity Shareholder's Equity 33.53% 13.45% 33.11% Accumulated Minority Interest 13.19% TOTAL EQUITY 46.99% 46.29% TOTAL LIABILITIES & SHAREHOLDERS' EQUITY 100% 100%
Extracted text: 1.26 $248,357,000 P196,719,000 Current Ratio 1.06 254,511,000 P239,957,000 Current Assets Current Liabilities 0.87 9248,357,000 977,120,000 $196,719,000 Acid Ratio 0.76 Current Assets P254,511,000 972,056,000 P239,957,000 Inventory Current Liabilities Asset Management Ratios Inventory Turnover Ratio 3.60 3.92 P259,593,000 $302,612,000 77,120,000 Cost of Sales Inventory 72,056,000 Accounts Receivable Turnover Ratio 4.95% P377,149,000 976,222,000 6.99% 9475,931,000 968,109,000 Net Sales Average Accounts Receivable 40.60% P377,149,000 53.43% 9475,931,000 P890,766,000 Fixed Assets Turnover Ratio Net Sales Average Fixed Assets 9929,014,000