Unit 2: Homework Assignment Prompt: Answer the three questions (your response should be a minimum of 150 words), and submit answer to the problem. When God blesses us financially, what does He expect

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Unit 2: Homework Assignment

Prompt: Answer the three questions (your response should be a minimum of 150 words), and submit answer to the problem.

  1. When God blesses us financially, what does He expect us to do with the abundance?
  2. Why might the revenue and cost figures shown on a standard income statement not be representative of the actual cash inflows and outflows that occurred during a period?
  3. Discuss some of the uses and limitations associated with performing ratio analysis.                                                                                     Problem:
  4. Fill in King, Inc. financial ratios. Comment on strengths and weaknesses.

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