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chpt 9
| Term | Definition |
|---|---|
| Balance sheet | A report of the balance in the permanent accounts on a specific date. |
| Report from | A balance sheet format that list classifications one under another |
| Statement of cash flows | A finantial statement that summarizes the cash receipts and cash payments resulting from business activities during a period |
| Ratio Analysis | The process of evaluating the relationship between vairous amounts in the financial statements |
| Profitability Raitio | |
| Return of sales | |
| Current assets | |
| Current Liabilities | |
| Working Capital | |
| Liquidity Ratio | |
| Current Ratio | |
| Quick Ratio |