Define each of the following terms:

a. Annual report; balance sheet; income statement; statement of cash flows; statement of stockholders’ equity

b. Stockholders’ equity; retained earnings; working capital; net working capital; net operating working capital (NOWC); total debt

c. Depreciation; amortization; operating income; EBITDA; free cash flow (FCF)

d. Net operating profit after taxes (NOPAT)

e. Market value added (MVA); economic value added (EVA)

f. Progressive tax; marginal tax rate; average tax rate g. Tax loss carry-back; carry-forward; alternative minimum tax (AMT)
h. Capital gain (loss)
i. S corporation.AppendixLO1