Financial Intelligence

• 1. What do we mean by financial intelligence? How to assess a companys health?
• 2. Use the plain language to define operating experience, capital expenditure, accruals, depreciation, and goodwill.
• 3. Describe differences between gross profit, EBIT, and net profit. Also, what is the possibility of income manipulation?
• 4. How the income statement affects the balance sheet.
• 5. Use your own words to explain why profit is not equal to cash.