Across
- 2. the state or quality of being efficient, or able to accomplish something something with the least waste of time and effort: completely in performance.
- 3. the ratio of total liabilities to total assets: a measure of solvency
- 5. income that has been earned but for which no cash payment has been received
- 7. an annual accounting period that does not correspond to the calendar year
- 9. an expense that has been incurred but not yet paid.
Down
- 1. cash or any asset that can be readily converted to cash
- 3. the ratio of total liabilities to owners equity; a measure of solvency
- 4. the ratio of current assets to current liabilities; a measure of liquidity
- 6. the ability of a business to meet its cash financial obligations as they come due.
- 8. an estimate, often itemized, of expected income and expense for a given period in the future.