Statements Flashcards
1
Q
Income Sheet
A
Revenue - COGS, GSA, Taxes = Net Income/ Profit
2
Q
Balance Sheet
A
Assets = Liabilities + Equity
3
Q
Assets
A
Current Assets- less than 90 days
Assets
Cash
Inventory
Accounts Receivable
4
Q
Fixed Assets
A
Building
Equipment
5
Q
Liabilities
A
Current Liabilities
Accounts Payable
Short Term Debt
6
Q
Long Term Debt
A
Equipment
Land / building
Loans
7
Q
Equity
A
Retained Earnings
8
Q
Cash Flow Statement
A
Cash at the end of the year needs to be greater at the end of the year than the beginning of the year
9
Q
Cash Conversion Cycle
A
is a metric expressing how many days it takes a company to convert the cash it spends on inventory back into cash by selling its product
How well a company is managing
Liquid = Cash
