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UW Eau Claire Accounting 201 Final Equations correctly answered already passed
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UW Eau Claire Accounting 201 Final Equations correctly answered already passed
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UW Eau Claire Accounting 201 FinalEquations
Earnings Per Share: net income earned on each share of common stock - correct answer ✔✔net income
- pref div./avg common shares outstanding
Working (C)apital - correct answer ✔✔current assets - current liabilities
Current Ratio: short term ability to pay maturing obligations and to meet unexpected needs for cash -
correct answer ✔✔current assets/current liabilities
Debt to Assets Ratio (solvency): percentage of total financing provided by creditors rather than
stockholders - correct answer ✔✔total liabilities/total assets
Free Cash Flow - correct answer ✔✔cash provided by operations - cap. expend. - cash dividends
Basic Accounting Equation - correct answer ✔✔assets = liabilities + stockholders equity
Stockholders Equity - correct answer ✔✔C/S + RE
Retained Earnings - correct answer ✔✔revenues - expenses - dividends
Net Income - correct answer ✔✔revenues - expenses
Ending RE - correct answer ✔✔beginning RE + NI - dividends
Beauty of Accounting - correct answer ✔✔assets + exp. + div. = liab. + C/S + rev.
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