Identify five differences between financial and managerial accounting.

If you investing in a business, which of the three types of financial statements you would want to review. Why?

A company shows the following selected financial information from activities for the current year.

Gross sales $225,000

Current assets $40,000

Long-term assets $100,000

Accounts Payable $16,000

5 Year Note Payable $44,000

Net Income $7,200

Outstanding shares 5,000

Par value of shares $9 per share

Retained Earnings $35,000 (includes current net income)

Calculate the following from the above information provided:

Current ratio

Debt-to-equity ratio

Return on Owners equity

Earnings per share

Explain how financial ratios help managers monitor their own efficiency and effectiveness.

Support your position/opinions with reference to your readings. Your posting should be about 300 words and include a web link to your online article, video, blog, etc.