Examlex
Explain the functions served by a budget.
Vertical Analysis
An approach to financial statement examination where each component within the principal groups of accounts (assets, liabilities, and equity) on a balance sheet is shown as a ratio of the overall category amount.
Total Assets
The sum of all resources owned by an entity, measured in monetary terms, and represented on the balance sheet.
Accounts Receivable Turnover
A financial ratio indicating how quickly a company collects cash from credit sales by measuring the number of times receivables are collected over a period.
Net Sales
Total revenue from sales minus returns, allowances, and discounts.
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