thebalancesheetandnotestothefinancialstatements-資料下載頁
2025-08-12 20:38本頁面
【導(dǎo)讀】categories.balancesheet.thebalancesheet(assets,liabilities,andowners’equity),longer,arecurrentassets.Cash. Receivables. Inventories. receivables.Inadditiontocash,receivables,and. itemsfirst.Investments. Property,plant,and. Intangibleassets. Deferredinetaxes
【正文】 ies to the amount of assets held by a business indicates the extent to which borrowed funds have been used to leverage the owners’ investments and increase the size of the firm. 366 Total liabilities Total assets $1,098,700 $1,952,600 = Techtronics borrowed 50% of the money it needed to buy its assets. Debt Ratio 367 Relationships Between Balance Sheet and Ine Statement Amounts Efficiency A financial ratio that gives an overall measure of pany efficiency is called asset turnover. Assuming sales of $4,000,000, the turnover is: Techtronics generates $ in sales for each dollar of assets. = Sales Total assets = $4,000,000 $1,952,600 368 Overall Profitability To appropriately measure profitability, ine must be pared to some measure of the size of the investment. Two financial ratios used to assess a firm’s overall profitability are return on assets and return on equity. Relationships Between Balance Sheet and Ine Statement Amounts 369 Return on Assets Net ine Total assets = $150,000 $1,952,600 = % This means that one dollar of Techronics’ assets generated cents in ine. Relationships Between Balance Sheet and Ine Statement Amounts 370 Return on Equity Net ine Stockholders’ equity = $150,000 $853,900 = % Techronics’ stockholders earned cents per each dollar of equity invested. Relationships Between Balance Sheet and Ine Statement Amounts 371 Recognize the importance of the notes to the financial statements, and outline the types of disclosures made in the notes. OBJECTIVE 4 372 Typical Notes to the Financial Statements ? Summary of significant accounting policies ? Additional information to support summary totals ? Information that fails to meet recognition criteria for statements, but is important for users ? Supplementary information required by the FASB or SEC to adhere to full disclosure principle 373 Subsequent Events ? The SEC requires large publicly traded panies to file financial statements within 60 days of fiscal yearend. ? Business continues during this “subsequent period” and events could have an impact upon the firm’s financial statements. ? These events are referred to in the accounting literature as subsequent events or postbalance sheet events. 374 375 Understand the major limitations of the balance sheet. OBJECTIVE 5 376 Limitations of the Balance Sheet ? Balance sheets do not generally reflect the current value of a business. ? A favorite ratio among followers of the stock market is the booktomarket ratio, which reflects the difference between the balance sheet value of a pany and the pany’s actual market value. 377 378 Chapter 3 The End
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