Making a Statement
A statement that shows total SuperAde Sales
Income Statement
Sol-ti purchased $50,000 worth of lemons on Net 30 terms
Inventory - Up
AP - Up
Current Assets / Current Liabilities
Current Ratio
Measures a company’s ability to pay short-term obligations or those due within one year
Sol-ti purchased $50,000 worth of lemons on Net 30 terms
Operating Cash Flows
A statement that shows total value of Produce Inventory
Balance Sheet
Publix pays Sol-ti $100,000 for open invoices
AR - Down
Cash - Up
(Cash + AR) / Current Liabilities
Quick Ratio
Measures ratio of company's most liquid assets
Publix pays Sol-ti $100,000 for open invoices
Operating Cash Flows
The statement that would show the change in glass inventory value
Statement of Cash Flows
Sol-ti buys a new 4000 Gal Tank in cash
Cash - Down
Fixed Assets - Up
Cost of Sales / Avg Inventory
Inventory Turnover
Sol-ti buys a new 4000 Gal Tank in cash
Investing Cash Flows
A statement that can be presented either directly or indirectly
Statement of Cash Flows
Sol-ti takes in a $1,000,000 investment
Equity - Up
Cash - Up
Net Income / Avg Shareholders Equity
Return on Equity (ROE)
Measures return per dollar invested in the company
Sol-ti takes in a $1,000,000 investment
Financing Cash Flows
Income Statement
Sol-ti sells $100,000 worth of Supershots to Publix on Net21 terms (4 accounts)
Revenue - Up
AR - Up
COGS - Up
Inventory - Down
Ending Inventory / Cost of Sales x 365
Days on Hand
Sol-ti transfers $100,000 worth of product to CHR
No Cash Flow