Match the following terms with their definitions

Match the following terms with their definitions. 1 A liability 2 Inventory and prepaid expenses are subtracted 3. What customers owe 4. Cash, supplies 5. Net sales * total assets & Prepared as of a particular date T Dollars not shown 8 Data placed side by side 9. Beginning inventory plus new purchases - ending inventory 10. Includes no plant and equipment assets 11 _ Obligations due within one year 12 Current assets * current liabilities 13 Sales - cost of goods sold 14. Total this period is compared by amount of percent to same total last period 15. Revenues and expense for a specific period of time 16. What we owe creditors IT Obligations that are not due for at least one year 18 Cost of goods for resale 20. True cost of purchases 21 _ Actual sale after returns on discounts 22 Pad In advance 23 Pan of stockholders' equity 24. Uses a base year 25. Each liability and equity is analyzed as a percent of the total Accounts payable Accounts receivable Acid test sset turnover ssets alance sheet ommon size statement omparative statements ost of merchandise sold urrent assets urrent liabilities urrent ratio ross profit orizontal analysis ncome statement iabilities ong-term liabilities erchandise inventory et income et purchases et sales repaid expense etained earnings rend analysis Vertical analysis