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COMM 103 (78)
Lecture 3

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School
Queen's University
Department
Commerce
Course
COMM 103
Professor
Gary Bisonnette
Semester
Fall

Description
- Liquidity : ability to meet current obligations Question for discussion: Best statement of organization future financial capacity - Balance sheet o Current ratio o Retained earnings o Cash reserve  how much you can spend o A/R to A/P relationship o Debt/equity relationship Question for discussion: An organization’s forward guidance can be best assessed by reviewing : - Quarterly Earnings Reports - Performance benchmarks driven from budgets and sales forecasts - Balance sheet, income statement, cash flow statement not so good because it is historical data Question for discussion: Does having solid ratios imply solid capacity? - Ratio – snapshot of a specific time - Percentage relationships
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