A$)$ cannot use accounting information as it is historical.

B$)$ rely solely on accounting information.

C$)$ frequently use accounting information.

D$)$ ignore accounting information but do use marketing information.

E$)$ assume the future will be a repeat of the past as reflected in the firm's accounting reports.

Net working capital is defined as:

A$)$ the depreciated book value of a firm's fixed assets.

B$)$ the value of a firm's current assets.

C$)$ available cash minus current liabilities.

D$)$ total assets minus total liabilities.

E$)$ current assets minus current liabilities.

The accounting statement that measures the revenues, expenses, and net income of a firm over a period is called the:

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FIN $215$ Final Take Home Exam

A$)$ statement of cash flows.

B$)$ income statement.

C$)$ GAAP statement.

D$)$ balance sheet.

E$)$ net working capital schedule.

The financial statement that summarizes a firm's accounting value as of a particular date is called the:

A$)$ income statement.

B$)$ cash flow statement.

C$)$ liquidity position.

D$)$ balance sheet.

E$)$ periodic operating statement.

The ratios that are based on financial statement values and used for comparison purposes are called:

A$)$ financial ratios.

B$)$ industrial statistics.

C$)$ equity standards.

D$)$ accounting returns.

E$)$ analytical standards.