Financial Statements
The financial statement that shows a company’s revenues and expenses.
Income statement
What is liquidity?
How easily something can be converted into cash
The formula for calculating net profit margin.
Net Income ÷ Revenue
This analysis involves identifying a company's strengths, weaknesses, opportunities and threats
SWOT
What was my first high school job?
Chinese restaurant
This financial statement reports a company's assets, liabilities, and equity at a specific point in time.
Balance Sheet
What is equity?
Ownership of something
Formula for Market Capitalization
Price per share x # of outstanding shares
The system of recording business transactions in two accounts, such as debits and credits.
Double-entry accounting
What reality show have I applied to be on?
Survivor
What does COGS stand for?
Costs of Goods Sold
The process of ensuring financial statements are accurate and compliant with regulations
Auditing
This ratio measures a company's ability to meet its short-term obligations using its most liquid assets.
Quick Ratio
What is the Accounting Equation?
Assets = Liabilities + Equity
What year did the first pokemon video games debut?
1996
What would "prepaid rent" be classifed as on a financial statement? Be specific
Current assets
What does GAAP stand for?
Generally Accepted Accounting Principles
The formula for calculating return on equity
Net Income ÷ Shareholder’s Equity
Who are creditors?
Entities whom the business owes money to.
Where is the hippocampus located?
The Brain
What are the 3 activities of a CFS?
Operating, investing and financing
What does FASB stand for?
Financial Accounting Standards Board
Inventory turnover formula
COGS/inventory
Name 3 types of accounting
Financial, managerial, tax, auditing, cost
Name the two animals on the Australian coat of arms.
Kangaroo + Emu