In this assignment you are asked to read chapter 5 (of the Principles of Finance) in its entirety. Describe the four financial statements: 1) Income Statement, 2) Balance Sheet, 3) Cash-Flow Statement, and 4) Statement of Retained earnings. Include actual examples of your financial statements. These may be found on various websites such as: Yahoo Finance, SEC.gov, Finviz.com, and the companies website to name a few.

Specific components to address in your assignment include.

• The purpose and importance of each statement
• The structure and key elements of each statement
• Explain in detail how EBITDA is used as a measure of a company's profit
• Identify the relationship between the balance sheet and the income statement
• Differentiate between the expenses and the payables found in the IS and the BS
• Explain how the Statement of Owners Equity is related to the Retained Earnings Statement
• Explain what is meant by a common-size statements and how they can be used
• Explain what is meant by a comparative statement and how they can be used
• Discuss the key SEC reporting requirements and why they are important
• Include a reference slide in APA format to site your source