Assignment 2: Discussion—Understanding Financial Statements
In this assignment, you will learn to read and interpret financial statements. Understanding the four financial statements provided in the lectures and reading for this week and dealing with a company’s financial performance is critical to making decisions about its management and its relation to the global economy and financial markets.
Taxes, interest, gross profit, selling, general and administrative expenses, sales, depreciation, net income, cost of goods sold, EBITDA.
Cash, accounts payable, accruals, property, plant and equipment, inventory, accounts receivables, paid in capital, retained earnings, notes payable, mortgage, accounts payable.
Write your initial response in 300–500 words. Your response should be thorough and address all components of the discussion question in detail, include APA citations of all sources, and demonstrate accurate spelling, grammar, and punctuation. Do the following when responding to your peers:
Provide substantive comments to at least two peers on a minimum of two different days by
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