•A current asset is:
cash or an item currently owned by the firm that will convert to cash within the next 12 months.
• The long-term debts of a firm are liabilities: that do not come due for at least 12 months.
•Net working capital is defined as: current assets minus current liabilities.
•A __ liquid __ asset is one which can be quickly converted into cash without significant loss in value.
•The financial statement summarizing a firm's accounting performance over a period of time is the: income statement.
•Noncash items refer to: expenses charged against revenues that do not directly affect cash flow.
•Your __ marginal ___ tax rate is the amount of tax payable on the next taxable dollar you earn.
• Your __ average ___ tax rate measures the total taxes you pay divided by your taxable income.
•__ Cash flow from operating activities ___ refers to the cash flow that results from the firm's ongoing, normal business activities.
• __ Cash flow from investing ___ refers to the changes in net capital assets.
•___ Net working capital __ refers to the difference between a firm's current assets and its current liabilities.
•__ Cash flow from operations ___ is calculated by adding back noncash expenses to net income and adjusting for changes in current assets and liabilities.
• __ Cash flow to creditors ___ refers to the firm's interest payments less any net new borrowing.
•__ Cash flow to stockholders ___ refers to the firm's dividend payments less any net new equity raised.
•Earnings per share is equal to: net income divided by the total number of shares outstanding.
•Dividends per share is equal to dividends paid: divided by the total number of shares outstanding.
•Which of the following are included in current assets?
•Which of the following are...