Financial Statements Recap

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1. Generally, current assets on the balance sheet are expected to turn into cash

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2. The stockholders' equity section of a firm's balance sheet reflects the following:  Common stock $30,000;  Retained earnings  $100,000; Total stockholders' equity $130,000 What amount of its profits has the company reinvested back into the company during its existence?

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3. Liabilities can best be described as

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4. Place these assets in order from least liquid to most liquid.

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5. Here is some financial data for a company for a particular year. Sales, $800,000; Cost of Good Sold, $300,000; Income Tax Expense $80,000; Selling General and Administrative Expense, $250,000; Interest Expense, $20,000; What is the company's operating profit (also called operating income,  or earnings before interest and taxes)?

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Generally, current assets on the balance sheet are expected to turn...
The stockholders' equity section of a firm's balance sheet...
Liabilities can best be described as
Place these assets in order from least liquid to most liquid.
Here is some financial data for a company for a particular year....
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