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...Outline introduction financial statements a brief review critique of accounting information static ratio analysis and its extension cost volume profit applications income vs economic summary appendix simple regression multiple b using indirect method to compile cash flow statement balance sheet equity annual quarterly data corporate reports generally contain four basic earnings retained changes in position johnson jnj consolidated as examples we discuss the usefulness problems associated with each these planning finally use versus is addressed describes firm s at one specific point time it representation such snapshot composition assets liabilities shown table broken down into two areas classification total debit shareholders credit on side accounts are divided six groups current marketable securities non property plant equipment pp e intangible deferred taxes other represents short term equivalents receivable inventories tax prepaid expense should be noted that this group will convert...