- Study guides, Class notes & Summaries

Forecasted Financial Statements .A/S (Total Current Assets/Sales) - ANSWER-Ratio of total current assets to sales. .Accounts Payable - ANSWER-Amounts owed by a company to its suppliers or creditors. .Accounts Receivable - ANSWER-Amounts owed to a company by its customers. .Accrued Expenses - ANSWER-Expenses that have been incurred but not yet paid. .Accumulated Depreciation - ANSWER-Total depreciation expense recorded over time. .Assumptions - ANSWER-Factors or variables used a...