Other revenue and expenses examples include interest revenue, gains or losses on sales of assets (buildings, equipment, and machinery), and interest expense. Other revenue and expenses added to (or retained earnings balance sheet deducted from) income from operations produces net income (loss). Unlike a multi-step income statement, the company’s gross profit is not shown as…

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These assets play a vital role in managing daily operations and ensuring you can meet short-term financial obligations. As managers make decisions with financial ratios, there are several key ratios used to make decisions about liquidity. The current ratio, for example, is calculated by dividing current assets by current liabilities. This resulting ratio measures the…

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