Merch Strategies: Balance Sheet Flashcards
1
Q
Asset
2 types
A
Things a company owns
Current assets - converted into cash within a year
Non-current assets - converted into cash after a year
1
Q
Balance Sheet
A
Snapshot of the financial position of a company
2
Q
Total assets
Formula
A
All assets
Formula
Total assets = non-current + current assets
3
Q
Liabilities
2 types
A
everything a company owes (debt/bills)
current liabilities - bills paid within a year
non current liabilities - bills paid after a year )long term debt)
4
Q
Total liabilities
Formula
A
all liabilities
Formula:
non current + current liabilities
5
Q
Stockholder equity/ total equity
A
the value of a company after all it’s debt is paid
