Discussion: Financial Reporting Environment, Financial Statements, and Ratios
What is the purpose of accounting? Who are the users of accounting information?
What about the purpose and composition of the balance sheet, the income statement, the statement of retained earnings and the statement of cash flows? How about earnings per share, the current ratio and the debt to total assets ratio?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.