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10 Cards in this Set

  • Front
  • Back
balance sheet
snapshot of the firm.
assets=liabilaties + equity
net working capital
current assets-current liabilaties =NWC....want this to be positive
financial leverage
use of debt in a firms capital structure
market value
the acutal $ amount if you sold the firm
book value
value of org. shown on balance sheet.
income statement
measures performance over some period of time
income statement example
sales-cogs-depriciation-->EBIT-interest paid=taxable income-taxes= NI--> NI-div = addition to RE
noncash items
exp's charged against revenues that do not directly affect cash flows(DEPRICIATION)
flat tax rate
only 1 tax rate and is the same for all income levels
cash flow
$that came in - $ that went out