FIN 300 Exam 1 CheatSheet.docx - CH3 Balance sheet A snapshot of the firms financial position at a specific point in time Assets Equal Liabilities and

FIN 300 Exam 1 CheatSheet.docx - CH3 Balance sheet A...

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CH3: Balance sheet- A snapshot of the firm’s financial position at a specific point in time. Assets Equal Liabilities and equity. Assets: Current assets - cash & equivalents, acc rec, inventories total CA Fixed assets - net plant & equipment Total FA Together: Total ASSETS Liabilities and Equity : Current liabilities: accts payable, notes payable, accruals Total CL Long term liabilities - LT Bonds Total LTL LTL +CL = Total Debts Equity: common stock, retained earnings net worth All together: Total Liabilities and Equity Common Stock : amount of cash the stockholders paid when the company originally issued the stock. Retained Earnings : portion of earnings that has been saved rather than paid out as dividends. Liquidity of assets : the time it takes to convert assets to cash. Income Statement - A report summarizing a firm’s revenues and expenses during an accounting period (a quarter). Revenues vs. Expenses (+) Net Sales Revenues - Operating Costs = EBITDA - Depreciation & Amortization = EVIT (Operating Income) - Interest = EBT - Taxes = Net Income E P S D P S B V P S C F P S N e t I n c o m e # o f S h a r e s O u t s t a n d i n g D i v i d e n d s p a i d t o s h a r e h o l d e r s # o f S h a r e s O u t s t a n d i n g T o t a l E q u i t y ( C S + R e t . E a r n . ) # o f S h a r e s O u t s t a n d i n g N e t I n c o m e + D e p e r e c i a t i o n + A m o r t i z a t i o n # o f S h
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  • Fall '14
  • Garrett
  • Generally Accepted Accounting Principles

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