1
Q
The difference between the current assets and current liabilities
A
Net Working Capital
2
Q
What is the difference between current and non-current assets/liabilities
A
Current means it is used in one year or less
3
Q
A financial statement that shows how profitable a company is over a period of time
A
The Income Statement
4
Q
Gross Profit Formula
A
Net Sales-Cost of Goods Sold
5
Q
Operating Profit Formula
A
Gross Profit-Operating Expenses Formula
6
Q
Profit Before Taxes Formula
A
Operating Profit-Interest Expense
7
Q
Net Income Formula
A
Profit Before Taxes - Taxes
Managerial Finance
flashcards
Decks in class (8)
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