Examlex
A change in the estimated salvage value of a plant asset requires a restatement of prior years' depreciation.
Total Equity
The total net worth of a company as calculated by subtracting total liabilities from total assets, representing the owners' stake in the company.
Times Interest Earned Ratio
A metric used to measure a company's ability to meet its interest payments, calculated as earnings before interest and taxes divided by interest expense.
Price-Earnings Ratio
A valuation ratio of a company's current share price compared to its per-share earnings, used to evaluate if a stock is over or under-valued.
Earnings Per Share
The amount of earnings a company makes, divided by its outstanding common shares, which reveals the firm's level of profitability.
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