Accounting Discussion Post
• Identify sections of a classified balance sheet. Identify two accounts that fit into each section.
• What is measured by profitability ratios? Give an example of how you compute EPS and discuss how it is used to measure profitability.
• Define liquidity and solvency. Identify ratios for analyzing a firm's liquidity and solvency. How are these ratios interpreted?
• Use the statement of cash flows to evaluate solvency. Give an example of how to compute free cash flow and describe what it measures.
• What are generally accepted accounting principles? Name the U.S. and international standard-setting bodies that establish these principles.
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.