Financial Performance Evaluation
Virtue
July 1, 2022select either one of the issues; historical, ongoing, and contemporary issues of ethical and professional consequence, or a different issue which is nationally or globally relevant, and which in your opinion has become divisive in terms of public opinion
July 1, 2022Your understanding of the financial statement helps when computing financial metrics. For instance, when we calculate the return on assets, we know that we take the after-tax operating income from the income statement. We retrieve the average total assets from the balance sheet. Below, I am providing a brief balance sheet.
Assets = Liabilities + Owner’s Equity
ASSETS
Current Assets
Cash
Accounts Receivables
Inventory
Prepaid Expenses
Long-Term Assets
Land
Building
Machinery
Equipment
LIABILITIES
Current Liabilities
Accounts Payable
Wages and Salaries Payable
Taxes Payable
Interest Payable
Long-Term Liabilities
Notes Payable
Bonds Payable
OWNERS EQUITY
Beginning Balance
Net Income
Ending Balance
How is the information in the brief balance sheet related to what you already know?
