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WGU C214 Financial Management Exam Questions With Complete solutions
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Net Income = - ANSWER-Revenues - Expenses Revenues - Cost of Goods Sold (COGS) - ANSWER-Gross Profit Gross Profit - Operating Expenses - ANSWER-EBIT EBIT = - ANSWER-Sales - Costs - Depreciation EBIT = - ANSWER-Operating Profit or Operating Income EBIT - Interest Expense = - ANSWER-Earnings Before Taxes Earnings before Taxes - Tax Expense = - ANSWER-Net Income (NI) Retained Earnings - ANSWER-End RE = Beg RE + NI - Dividends END RE = - ANSWER-Beg RE + (Sales Revenue X Margin%) - Dividend Payout Ratio x (Sales Revenue X Margin %) Assets = - ANSWER-Liabilities + Owner's Equity Equity = - ANSWER-Assets - Liabilities State of Cash Flows - ANSWER-Shows the change in cash balance for a period of time
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