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Please help: options for matching answers are trend analysis, vertical analysis, retained analysis prepaid expense, net sales, net purchase, net income merchandise inventory, long term liabilities, income statement, horizontal analysis, gross profit, current ratio, current liabilities, current assets, cost of merchandise sold, comparative statements, common size statements, balance sheet, assets, asset turnover, acid test, accounts receivable, accounts payable.

Please help: options for matching answers are trend analysis, vertical analysis, retained analysis prepaid expense, net sales, net purchase, net income merchandise inventory, long term liabilities, income statement, horizontal analysis, gross profit, current ratio, current liabilities, current assets, cost of merchandise sold, comparative statements, common size statements, balance sheet, assets, asset turnover, acid test, accounts receivable, accounts payable.

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Please help: options for matching answers are trend analysis, vertical analysis, retained analysis prepaid expense, net sales, net purchase, net income merchandise inventory, long term liabilities, income statement, horizontal analysis, gross profit, current ratio, current liabilities, current assets, cost of merchandise sold, comparative statements, common size statements, balance sheet, assets, asset turnover, acid test, accounts receivable, accounts payable.

48:54 Match the following terms with their definitions. 1. A liability 2. Inventory and prepaid expenses are subtracted 3. What customers owe 4. Cash, supplies 5. Net sales - total assets 6. Prepared as of a particular date 7. Dollars not shown 8. Data placed side by side 9. Beginning inventory plus new purchases - ending inventory 10. Includes no plant and equipment assets 11. Obligations due within one year 12. Current assets = current liabilities 13. Sales - cost of goods sold 14. Total this period is compared by amount of percent to same total last period 15. Revenues and expense for a specific period of time 16. What we owe creditors 17. Obligations that are not due for at least one year 18. Cost of goods for resale 19. Profit 20. True cost of purchases 21. Actual sale after returns on discounts 22. Paid in advance 23. Part of stockholders' equity 24. Uses a base year 25. Each liability and equity is analyzed as a percent of the total 25
Transcribed Image Text:48:54 Match the following terms with their definitions. 1. A liability 2. Inventory and prepaid expenses are subtracted 3. What customers owe 4. Cash, supplies 5. Net sales - total assets 6. Prepared as of a particular date 7. Dollars not shown 8. Data placed side by side 9. Beginning inventory plus new purchases - ending inventory 10. Includes no plant and equipment assets 11. Obligations due within one year 12. Current assets = current liabilities 13. Sales - cost of goods sold 14. Total this period is compared by amount of percent to same total last period 15. Revenues and expense for a specific period of time 16. What we owe creditors 17. Obligations that are not due for at least one year 18. Cost of goods for resale 19. Profit 20. True cost of purchases 21. Actual sale after returns on discounts 22. Paid in advance 23. Part of stockholders' equity 24. Uses a base year 25. Each liability and equity is analyzed as a percent of the total 25
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