Discussion Post Explain how assets, liabilities and net worth fit together.
Tag: Liabilities
If the following financial information related to XYZ Company. Total Revenues last year $970, depreciation expenses $50, costs of goods sold $450, and interest expenses $55. At the end of the year, current assets were $121 and current liabilities were $107. The company has an average tax rate of 35%. Calculate the net income for XYZ Company by setting up an income statement.
Business Question A company had cash and marketable securities worth $200,000 accounts payables worth $51,000, inventory of $1,501,500, accounts receivables […]
Which type of ratio is best suited for an outside potential investor?
Income Statement Revenues: 28,000 Less: Operating Expenses Rent Expense 1,200 Salaries Expense 4,500 Utilities Expense 300 Insurance Expense 100 Supplies […]
