Balance Sheet ---------------- Assets + Cash + Accounts Receivable + Inventory = Total Current Assets + Land + Buildings - Accumulated depreciation = Total PPE + Other Long-term assets = Total Assets ----------------- Liabilities + Accounts Payable + Notes Payable = Total Current Liabilities + Long-term bank loans = Total Current & LT Liabilities + Common Stock + Retained earnings = Total Stockholder equity = Total Total liabilities and equity INCOME STATEMENT + Sales revenue - Cost of Goods Sold = Gross Profit - Operating Expenses - Depreciation = Earnings bef Int/Tax - Interest = Earnings bef tax - Taxes = After-tax Net Income CASH FLOW STATEMENT Oper Act Sources Accts recv Inv Depreciation Accrued wages Uses Accts payable Inv Act Cash used to acq fixed assets Finan Act - Pay off notes payable + Issue stock - Pay dividends