Lesson ５

Dear Yuka,
Thank you for your fifth message. My comments follow.
Sincerely,
Prof. Sue Garreis

Dear Professor Garreis,

Thank you for your reply and corrections of my English.

I will answer your last question.

Homework

1. What is a balance sheet?

　→The balance sheet presents a snapshot of the investing and finacing activities of a firm at a moment in time.

And, the balance sheet is a listing of a firm assets, liabilities and shareholders equity.　

2. What is stockholders' equity in the U.S.?

　→The stockiholders' equity is the shareholders equity.

3. Name one current asset of Oracle in 2005.

　→ Cash and cash equivalents.

4. What is the value of that current asset? Please write the entire value in US dollars. Write the entire value in words.

　→ Cash and cash equivalents were 3,894 million US dollars (US$3,894 million).

In English write this number as three billion, eight hundred ninety-four million US dollars.

5. Name one current liability of Nike in 2005.

　→ Accounts payable.

6. What is the value of that current liability? Please write the entire value in US dollars.

Write the entire value in words.

　→Accounts payable were 843.9 million US dollars (US$843.9 million).

In English write this number as eight hundred forty-three million nine hundred thousand US dollars. (US$843,900,000).

7. Please send me the Japanese translation for the words in the list below.

Please write the words in romajii.

[vocabulary list omitted]

Thank you for the vocabulary words.

I'm waiting for your reply.

Sincerely, yours

Yuka

In the next lesson we make a Balance Sheet for a fictitious company. The next lesson is here: http://www72.homepage.villanova.edu/susan.stiner/cgu/balance207.htm