The format of the indirect method appears in the following example. Also known as the income statement method the direct method cash flow statement tracks the flow of cash that comes in and goes out of a company in a specific period. For example purchase of machinery by paying cash is cash outflow while sale […]
Category: Financial Statement
Reading A Profit And Loss Statement
Understanding Profit Loss Statement. A profit and loss statement is also called an income. Ad Free Trial – Track Sales Expenses Manage Inventory Prepare Taxes More. If the amount of revenue is higher than the amount of. Ad Download or Email Statements More Fillable Forms Register and Subscribe Now. Ad Free Trial – Track Sales […]
Comparing Two Companies Financial Ratios
Comparing financial ratios with that of major competitors is done to identify whether a company is performing better or worse than the industry average. Comparing two companies financial ratios. Company a lifo company b fifo inventory 256000 302000 total assets 1452356 1345000 financial ratios inventory turnover ratio 473 312 days of inventory on hand 76 […]
