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Test Cheat Sheet - Income Statements Balance Sheets Cash...

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Income Statements, Balance Sheets, Cash Flows income statement Revenue Cost of Goods Sold (COGS) Gross Margin (Other Expenses) EBITDA earning before interest, taxes, depreciation and amortization Performance based, how much cash it generates (Depreciation & Amortization) EBIT pure measure of firms operating profits (Interest) occurs on debt, tax deductible EBT (taxes) Net Income (bottom line) If they don’t pay dividends then this represents change in Retained Earnings balance sheet Assets Current Assets: Cash and Cash Equivalents Inventories (raw materials, work in progress, finished) Value with LIFO (historical prices) or FIFO (current prices) Long Term Assets: PPE net fixed assets at book value Plant and Equipment depreciate Accounts Receivables Liability and Equity (how the assets are financed) Current Liabilities: Accounts Payable Accruals (wages & taxes payable) Notes-Payable Long Term Debt Payable Current Year Long Term Debt: Long Term Debt Equity:
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