Investigating Financial Statements
• Balance Sheet o The balance sheet provides detailed information about a company’s assets, liabilities, and equity o Assets are things that the company owns that have value. This means they can either be sold or used by the company to generate revenue. o Assets include cash, brick & mortar, receivables, equipment and inventory
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Investigating Financial Statements
• Balance Sheet o Liabilities are amounts of money that a company owes to others o This can include money borrowed from the bank, money owed to suppliers, payroll owed to employees, and obligations to customers in the future o Equity is theoretically the amount of money left if a company sold all of its assets and paid off all liabilities (hopefully positive!)
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