Finance Test 2

Published once a year and provides stockholders with details about the company’s performance and financial condition? Annual Report
Explains the changes in a company’s retained earnings over the account year? Statement of retrained earnings.
Gives details about the firm’s sales, costs, and profits for the past accounting period? Income statement.
Provides a quantitative summary of a company’s assets, liabilities, and net worth at a specific point in time? Balance sheet.
Aggregates all cash inflows, which the company receives from its ongoing activities and investment sources, and all cash outflows? Statement of cash flows.
As long as the information reported follows the generally accepted accounting principles guidelines, accountants in a firm have the liberty to use personal judgement to report transactions in the firm’s financial statements? True
What is EBIT or Operating Income? Net Sales-Operating Costs
What is EPS or Earning Per Share? Net Income / Common Shares Outstanding
What is DPS or Dividends Per Share? Dividends / Common Shares Outstanding
What is BVPS or Book Value Per Share? Total Common Equity / Common Shares Outstanding

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