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12 Cards in this Set
- Front
- Back
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balance sheet
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A report of the balance in the permanent accounts on a specific date
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report form
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A balance sheet format that lists classifications one under another
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statement of class flow
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A finacial statement that summerizes the cash receipts and cash payment resulting from business activites during a period
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ratio analysis
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The process of evaluating the relationship between various amounts in the finacial statement
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profitability ratio
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A ratio used to evalyate the earning performance of a business during the accounting period
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return on sale
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A ratio that examines the portion of each sale $ that reprsents profits
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current liabilities
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The debits of the business that must be paid w/in the next accounting period
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current assets
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The assets that are either used up or converted to cash during the normal operating cycle of the business
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working capital
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The amounts by which current assets exceed current liabilites
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liquidity ratio
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The measure of a business's ability to pay its current debits as they become due and to provide for an unexpected need for cash
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current ratio
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The relationship between current assets and current liabilities; calculated by dividing current assets by curent liabilities
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quick ratio
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A measure of the relationships between short term assets and current liabilities; caculated by dividing the total cash and recevable by the current liabilities
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