Textbook Notes (367,994)
Canada (161,548)
Finance (362)
FIN 300 (120)
Chapter

FIN300 ch 2

3 Pages
93 Views
Unlock Document

Department
Finance
Course
FIN 300
Professor
Cynthia Holmes
Semester
Fall

Description
Chapter 2Balance Sheetsnapshot of the firms assets and liabilities at a given point in timeAssets can be categorized as o Current assets life 1 year o Intangible fixed assets trademark patent etc o Tangible fixed assets truck computer etcLiabilities can be current or longtermBalance Sheet Identity AssetsLiabilitiesStockholders EquityNet Working Capital and LiquidityNet Working CapitalCurrent AssetsCurrent LiabilitiesPositive when the cash that will be received over the next 12 months exceeds the cash that will be paid out usually positive in a healthy firmLiquidityability to convert to cash quickly without a significant loss in valueLiquid firms are less likely to experience financial distressHowever liquid assets earn a lower return tradeoffbetween liquid and illiquid assetsDebt versus equityIf a firm would sell all the assets and pay all the
More Less

Related notes for FIN 300

Log In


OR

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit