Analysing financial performance Flashcards
1
Q
what is the definition for shareholders’ funds?
A
money invested into the business by the owners through the sale of shares and also includes profits and reserves
2
Q
what is the equation for long term (non current) liabilities?
A
capital employed - shareholder’s funds
3
Q
what are fixed (non current) assets?
A
what is purchased and kept for more than a year
4
Q
what are examples of fixed (non current) assets?
A
chairs, vans and tables
5
Q
what are total current liabilities?
A
short term debts that need to be paid off to debtors
6
Q
what are long term liabilities?
A
long term debts such as loans and mortgages
