Questions:

7-1"What four financial statements appear in most annual reports?

7-2If a typical firm reports $20 million of retained earnings on its balance sheet ,could its directors declare a $20 million cash dividend without any qualms?Explain why or why not.

7-3Describe the changes in balance sheet accounts that would constitute sources of funds. What changes would be considered uses of funds?

7-4Financial ratio analysis is conducted by four types of analysts: managers, equity investors, long-term creditors, and short-term creditors. What is the primary emphasis of each of these groups in evaluating ratios"