.. What is included in a Balance Sheet? Assets Add up everything your business owns For Apple: Inventory (Macs, iPads, iPods, peripherals, investments.

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Presentation transcript:

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What is included in a Balance Sheet? Assets Add up everything your business owns For Apple: Inventory (Macs, iPads, iPods, peripherals, investments they own) Real Estate Anything in the buildings including furniture and supplies Receivables – money people owe me Goodwill – the value of my brand

What is included in an Income Statement? Liabilities Add up all the money I owe to others For Apple: Taxes I haven’t paid out yet, but will owe Bills I haven’t paid, but owe Bonds – money I have borrowed and owe interest payments on, and later principal to the bondholders Loans – money I have borrowed and have to pay the bank

What next? Take your Assets Minus your Liabilities from your Assets Get your Net Assets What does this mean? Compare it to previous periods Do you have more Assets than Liabilities? If you have more Liabilities, it means your company is in trouble You have to pay down your Liabilities so that you are solvent

Your Task Pick a company Look up the Balance Sheet on Yahoo Finance Compare the last 3 years of Balance Sheets Are Assets growing? Are Liabilities growing? Are Assets growing faster than Liabilities? If not, why do you think that is? Compare against another company in the same industry Answer the questions posed above How does your company compare to the overall market?