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 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 year did the first pokemon video games debut?
1996
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
Where is the hippocampus located?
The brain
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.
What is my zodiac sign?
Sagittarius
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
What is the second largest bird in the world?
Emu