1. Financial Summary - Income Statements
Balance Sheet The campground balance sheet provides a quick review of the financial condition of the company. . ... The current ratio and quick ratio in 2000 for the above campground was 1.07 and 1.8 respectively. ... Other statements are prepared more often such as daily inventory sheets, weekly and monthly cash flow statements, quarterly and annual income statements, and other quick reports that the owner may deem important based on experience and/or careful study. ... These two numbers would help the owner to quickly see any changes from previous years and averages if the company is per...
Executive Summary The Microsoft Corporation was founded by partners Bill Gates and Paul Allen with the vision of producing cutting edge software. ... Microsoft's quick ratio is 94% above the industry average (FY 91: Microsoft 3.3 vs. industry 1.7). The quick ratio is basically the current ratio minus inventory. The quick ratio measures the firm's ability to use cash to pay for immediate liabilities. The high quick ratio is due to the fact that Microsoft has $686,000,000 in cash, and short-term investments, and only $293,000,000 in current liabilities. ...