What is the annual report, and what two types of information does
it provide?
What four financial statements are typically included in the annual
report?
Why is the annual report of great interest to investors?
What is the balance sheet, and what information does it provide?
How is the order of the items shown on the balance sheet
determined?
A company has $2 million of cash and equivalents, $2 million of
inventory, $3 million of accounts receivable, $3 million of accounts
payable, $1 million of accruals, and $2 million of notes payable.
What is its net working capital? ($1 million)
Why might Allied’s December 31 balance sheet differ from its June
30 statement?
