Identify the three categories of ratios that a business may


In 600-750 content words, respond to the following:

Managers within the firm, as well as the firm's owners and lenders, keep track of the firm's performance by reviewing its financial statements - income statement, balance sheet, and statement of cash flows.

• What is the purpose of the income statement? Identify the major types of expenses that are shown on the typical income statement.

• What is the purpose of the balance sheet? Identify the major types of assets and the claims of creditors and owners shown on the typical balance sheet.

• What are the three different accounts that comprise the owners' equity section on a typical corporate balance sheet?

• What is a statement of cash flows? Describe the three standard sections contained in a statement of cash flows.

• Identify the three categories of ratios that a business may use in an analysis of its financial statements. Describe the benefits of calculating these ratios.

Use the template provided. Follow APA format, including a title page, introduction, conclusion, citations, and tworeferences. See the attached PPT file. Turnitin is required.

Solution Preview :

Prepared by a verified Expert
Business Management: Identify the three categories of ratios that a business may
Reference No:- TGS01368134

Now Priced at $20 (50% Discount)

Recommended (92%)

Rated (4.4/5)