If you drink a large (250ml) glass of wine, your body takes about three hours to break down the alcohol. If you drink one pint of beer, your body takes about two hours to break it down. One pint of strong lager is equivalent to three units, so this will take longer.
General Asset Differences. As a current asset, inventory is different from long-term assets in that it is typically acquired and sold within twelve months. Accounts receivable, cash and other marketable securities are other examples of current assets.
The reason inventory is important to an income statement is that inventory numbers are used in the computation of the cost incurred to produce the goods sold during the period. Cost of Goods Sold The cost of goods sold is an expense and will be subtracted from income on an income statement.