Across
- 7. Gross profit ÷ sales
- 8. Report summarising revenue and expenses
- 11. Adjusting earnings to remove unusual items
- 12. Net profit ÷ total equity
- 15. Borrowed money that must be repaid
- 19. Sales ÷ accounts receivable
- 20. Total expenses ÷ sales
- 21. Comparing ratios over time or against competitors
- 23. Mismatch in timing of revenue and expenses
Down
- 1. Difficulty estimating asset value
- 2. Moral concerns around accuracy and transparency
- 3. Report showing assets, liabilities, equity
- 4. Measures long-term stability (formula clue)
- 5. Details supplementing financial statements
- 6. Potential losses from uncertainty
- 9. Recording expenses as assets
- 10. Procedures to safeguard assets
- 13. Net profit ÷ sales
- 14. Outstanding liabilities not yet paid
- 16. Estimates of future income and expenses
- 17. Measures liquidity (formula clue)
- 18. Report of cash inflows and outflows
- 22. Shareholder-based financing
