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Purdue MGMT 310 Exam 1 Formulas and vocab questions with correct answers
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Purdue MGMT 310 Exam 1 Formulas and vocab questions with correct answers
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Purdue MGMT 310 Exam 1 Formulas andvocab
Balance Sheet Identity - correct answer ✔✔Assets = Liabilities + Stockholders' Equity
Net Working Capital - correct answer ✔✔= current assets - current liabilities
Book Value of Equity - correct answer ✔✔= Total Assets - Total Liabilities
Represents the amount of money that would be returned to a company's shareholders if all of the assets
were liquidated and all of the company's debts were paid off
Market Value of Equity - correct answer ✔✔Market Capitalization: The price at which the assets,
liabilities, or equity can be actually be bought or sold.
= market price per share * number of shares outstanding
Reflects the expectations of the investors about the firms future performance.
Income Statement Equation - correct answer ✔✔Income = Revenues - Expenses
Earnings Per Share (EPS) - correct answer ✔✔= Net Income / # of Shares
Shows how much money a company makes for each share of it's stock
Income statement structure - correct answer ✔✔Net sales
-Cost of goods sold
-Depreciation
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