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The Water Cooler
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How many millionaires do we have here?
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<blockquote data-quote="Cowbaby" data-source="post: 3566500" data-attributes="member: 46875"><p>How is your net worth figured?</p><p></p><p>The most basic accounting equation. Assets= Liabilites + Owner Equity.</p><p></p><p>Or if it makes you more comfortable use elementary Algebra and subtract liabilities from both sides of the equation and cancel.</p><p>This gives you Assets - Liabilities = Owner Equity(Net Worth). Basically, pay off everyone you owe and if you could sell everything you own at once WHADDAYA GOT.</p><p>If you have not gotten an understanding of this or don't understand that last statement yet that might be a one of the reasons.</p><p> </p><p>A balance sheet of a company is listed just like this in the order of the first equation. Assets at the top are listed in the order of Liquidity or how fast you could sell em. Cash is of course listed first, Some things are considered cash equivelents listed next like a stock where you could sell it and have the funds wire to an account tommorrow. ect.</p><p></p><p>My problem is a strong balance sheet with not enough liquid assets at the top and the second report, a statement of cash flows that sucks. I don't want to scare you off explaining that. HA.</p><p>But, at least I understand my problem. Its what you and I do about it that will matter.</p></blockquote><p></p>
[QUOTE="Cowbaby, post: 3566500, member: 46875"] How is your net worth figured? The most basic accounting equation. Assets= Liabilites + Owner Equity. Or if it makes you more comfortable use elementary Algebra and subtract liabilities from both sides of the equation and cancel. This gives you Assets - Liabilities = Owner Equity(Net Worth). Basically, pay off everyone you owe and if you could sell everything you own at once WHADDAYA GOT. If you have not gotten an understanding of this or don't understand that last statement yet that might be a one of the reasons. A balance sheet of a company is listed just like this in the order of the first equation. Assets at the top are listed in the order of Liquidity or how fast you could sell em. Cash is of course listed first, Some things are considered cash equivelents listed next like a stock where you could sell it and have the funds wire to an account tommorrow. ect. My problem is a strong balance sheet with not enough liquid assets at the top and the second report, a statement of cash flows that sucks. I don't want to scare you off explaining that. HA. But, at least I understand my problem. Its what you and I do about it that will matter. [/QUOTE]
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