Financial Statements Obj. 2.01

A financial ___________ details the financial activities of a person or company.

What does NOT belong on a financial statement?

• Assets

• Liabilities

• Net Worth

• Credit Card Numbers

An asset is an item that you own that has _____.

What is the difference between current and noncurrent assets?

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Draw an image of an asset that will depreciate in value over time. What does this mean?

Liabilities are _____ that a person/company owes.

What is the difference between a current and noncurrent liability?

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How do you calculate net worth?

What is the formula for debt to equity ratio?

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Give an example of an asset that you own.