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Unformatted text preview: control. Name __________________________________ Quiz Solutions 1. Simplified Income Statement: Rev Revenues- Exp Less Operating Expenses EBIT Earnings before Interest and Taxes or Operating Income- Int Less Interest Paid EBT Earnings before taxes- taxes Less Income Taxes EAT Earnings after Taxes or Net Income EAT / Number of shares of Common Stock Outstanding = EPS 2. Simplified Balance Sheet: Assets Liabilities Short-term assets Short-term liabilities Long-term assets Long-term liabilities Common stock at par Additional paid in capital Retained earnings Total Assets Total liabilities and stockholders’ equity 3. Types of financial statements commonly found in annual reports: 1. Income statement 2. Balance sheet 3. Statement of cash flows 4. Statement of retained earnings Statements 2 and 5 are True....
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- Spring '08
- Finance, simplified income statement, simplified balance sheet, C. T. Bauer College of Business Finance