The _______________is supposed to indicate the ability of the firm to meet its current obligations.

Which is NOT a current liability?

XYZ Company reports total assets and total liabilities of $425,000 and $200,000, respectively, at the conclusion of its first year of business. The company earned $95,000 during the first year and distributed $50,000 in dividends. What was the firm's contributed capital?

In computing the rate of return on assets, interest expense net of income tax savings is added to net income. Assume that XYZ Company has interest expense of $20 million and net income of $50 million. Assume that the income tax rate is 40 percent. In computing the rate of return on assets, what would the numerator be?

Which would NOT be used to evaluate a firm's operating cycle?

The _____________ states that if bond indentures require periodic repayments of principal on long-term liabilities, the denominator of the interest coverage ratio might include such repayments.

On a balance sheet, goodwill is an example of what?

What should balance on a company’s balance sheet?

Which of the following is NOT one of the four basic financial statements?

What is GAAP, and why is it important?

What sources of cash flow are included on the statement of cash flows?