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12 Cards in this Set
- Front
- Back
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balance sheet
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reports the financial positions at a specific time.
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state of cash flows
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reports the sources and uses of cash during the accounting period.
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ratio analysis
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is the process of evaluating the relationship between various .
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profitability
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are used to evaluate.
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report form
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a balance sheet format that lists classification one under another
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return on sales
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a ratio that examines the portion of each sales dollar that represents profit; calculated by dividing net income by sales
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current asset
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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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current liabilities
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the debts of the business that must be paid within the next accounting period
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working capital
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the amount by which current assets exceed current liabilities.
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liquidity ratio
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the measure of a buissness ability to pay its current debts as they become due and to provide for an unexpected need for cash.
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current ratio
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relationship between current assets and current liabilities.
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quick ratio
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relationship between short-term assets and current liabilites
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