question archive Standard 1: Know basic financial terms: Define and identify assets, liabilities, owner's equity, revenue, expenses
Standard 1: Know basic financial terms: Define and identify assets, liabilities, owner's equity, revenue, expenses
Subject:AccountingPrice: Bought3
Standard 1: Know basic financial terms: Define and identify assets, liabilities, owner's equity, revenue, expenses. Standard 2: Understand the purpose of income Statements, Balance Sheets and Cash Flow Statements. Standard 3: Analyze and interpret the data that appears on financial statements, for managerial decision making. (e.g., ratio) Instructions: This summative consists of two steps: A. Analyse and interpret financial information B. Write an analysis on the financial data by answering questions. Company: Company's financial code: 1. Go to Yahoo! Finance and find the financial statements for your assigned company. PASTE A SCREENSHOT OF THE COMPANY'S PASTE A SCREENSHOT OF THE COMPANY'S INCOME STATEMENT HERE BALANCE SHEET HERE . . 2. Complete the data table that identifies the following: Assets Liabilities, Revenue Expenses Assets Physical goods that carry monetary value. Liabilities Financial commitments and debts you own. Revenue Expenses . Rubric for Question 2: 4 points . 2 points . I can accurately identify all of the assets/liabilities/revenue/expenses from the information in question 1. I can somewhat identify the assets/liabilities/revenue/expenses from the information in question 1. Answer is incorrect or not attempted O points . 3. Analyze the data table and the historical data from Yahoo! Finance to diagnose the "financial health" of each aspect of business. Justify your "diagnosis" with two sentences. a) Use the current ratio to analyses the "financial health" of their current assets and current liabilities. Sint.com-2Fsites--2FADC-Boys-GR11.1-Business Managementli-2FShared%20Documents -- 2FGeneral-2FSumamtive.doc ab (59) Home - Roblox www.youtube.com Sims Newbies: How... elp Open in Desktop App Tell me what you want to do Editing (AA +4 (EA O A A : EvE A Styles O Find Da Reuse Files Current Assets 2 13 4 5 Justification: Current Liabilities 3 2 Justification: 5 b) Use the debt ratio to analyses the "financial health" of their total assets and total liabilities. Show your workings here: Total Assets 13 Justification Total Liabilities 12 Justification: 13 14 13 c) Use the profitability to analyses the "financial health" of their revenue/sales and profit. Show your workings here: Revenue/Sales 3 4 15 1 Justification: Profit 1 2 Justification: Rubric for question 3
