Key terms for Chapter 16: How to Read, Analyze, and Interpret Financial Reports
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Created by BRANDI MCCAMMON
about 2 months ago
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Close
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Created by BRANDI MCCAMMON
about 2 months ago
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Accounts Payable
Accounts Receivable
Acid Test
Asset turnover
Assets
Average day's collection
Balance sheet
Capital
Common Stock
Comparative statement
Corporation
Cost of merchandise
(goods) sold
Current assets
Current liabilities
Current ratio
Expenses
Gross Profit from sales
Gross sales
Horizontal analysis
Income statement
Liabilities
Long-term Liabilities
Merchandise Inventory
Mortgage note payable
Net Income
Net purchases
Net sales
Operating expenses
Owner's equity
Partnership
Plant and equipment
Prepaid expenses
Profit margin on net sales
Purchase discounts
Purchase returns and
allowances
Purchases
Quick assets
Quick ratio
Ratio analysis
Retained earnings
Return on equity
Revenues
Salaries payable
Sales (not trade) discounts
Sales returns and allowances
Sole proprietorship
Stockholders' equity
Total debt to total assets
Trend analysis
Vertical analysis
