balance sheet Flashcards
1
Q
A balance sheet is also known as…
A
statement of financial position
2
Q
formula for working capital
A
working capital = current assets - current liabilities
3
Q
formula for shareholders equity
A
shareholders equity = total assets - total liabilities
4
Q
formula for total assests
A
total assets = shareholders equity + total liabilities
5
Q
formula for capital employed
A
capital employed = shareholders equity + non-current liabilities
