Problem:
Discuss what the information from each financial statement means and why the information is useful to those who read the financial statements for the following:
(from the balance sheet and income statement)
Total Capital
Total Assets
Net Income
Monthly Gross Profit
Total Expenses
(from the statement of cash flow and statement of retained earnings)
Monthly Net Cash Provided by Operations
Yearly Net Cash Provided by Operations
Cash balance at the end of a period
Retained Earnings balance