A company’s profit is a primary source of financing for future growth. The more profitable a company is, the more funds it will have for growth. Four variables drive profits so that we can make the needed profit projections. What determines a company’s profitability?
Distinguish among (2) gross profits, (b) operating profits, and (3) net profits.
The balance sheet reports information on a firm’s (1) assets, (2) liabilities, and (3) equity. What is included in each of these reported categories?
How do financing with owners’ equity and debt differ?
Distinguish between common stock and retained earnings?
What is the relationship between a firm’s income statement and its balance sheet?
Why aren’t a firm’s’ cash flows equal to its profits?
Describe the three major components of a cash flow statement.
What questions do financial ratios help answer about a firm’s financial performance?
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