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22 Cards in this Set
- Front
- Back
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Balance Sheet
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shows value of firms assets and how they got money to pay for them
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Fixed assets
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items owned more than 1 year
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Current assets
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items owned less than 1 year
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Current liabilities
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someone you owe within 1 year
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Working capital
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current assets - current liabilities
cash available to meet day to day running costs of business |
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Long term liabilities
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amounts owed after 1 year
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Net assets
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fixed assets + working capital - long term liabilities
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Depreciation
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Loss in value of an asset over time
HC - RV /UL |
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Income statement
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shows revenues, costs and profits of a firm, usually for past year.
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Exceptional Items
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revenue from activities NOT part of usual business
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Window dressing
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manipulation of published accounts to present particular view of firm
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Gross profit margin
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firms ability to control cost of sales
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Net profit margin
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firms ability to control expenses
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Return on capital employed
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profit generated from all capital invested
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Current ratio
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how many pounds of current assets firm has to pay each £1 of current liabilities
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Acid test ratio
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how many £'s of current assets firm has to pay each £1 of current liabilities
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Debtor days
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how long it takes debtors to repay money owed
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Creditor days
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how long it takes to pay back money we owe to creditors
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Asset Turnover
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how much sales are made for each £1 of assets used. how good manager is at utilising assets
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Stock Turnover
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how often a firm buy, sells and replenishes its stock
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Dividend Yield
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Shows us % return in investing in share
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Gearing
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where firm got their money from
proportion of capital used that has come from borrowing |
