What audience is an annual report addressing?

What information is found on the Balance Sheet?

What is the calculation used on the income statement?

What are revenues?

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

What is GAAP, and why is it important?

Assume that the debt-equity ratio of XYZ Company is .5 to 1. If the company issued a long-term note in the purchase of some land, what effect would this transaction have on the debt-equity ratio?

Which is NOT used to assess short-term liquidity risk?

Assume that the current ratio of XYZ Company is 2.5:1. What effect would an equal dollar increase in current assets and current liabilities have on the current ratio?

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.

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