CF2 Ch 03 Financial Statements, Cash Flow, and Taxes 公司财务与金融 课件.pptVIP

Chapter 3 Financial Statements, Cash Flow, and Taxes Topics in Chapter Income statement Balance sheet Statement of cash flows Accounting income versus cash flow MVA and EVA Personal taxes Corporate taxes Income Statement What happened to sales and net income? Sales increased by over $2.4 million. Costs shot up by more than sales. Net income was negative. However, the firm received a tax refund since it paid taxes of more than $63,424 during the past two years. Balance Sheet: Assets Effect of Expansion on Assets Net fixed assets almost tripled in size. AR and inventory almost doubled. Cash and