| A | B |
|---|
| net sales | Total sales less sales discount and sales return and allowances |
| cost of merchandise sold | The original price of all merchandise sold during a fiscal period |
| gross profit on sales | The revenue remaining after cost of merchandise sold has deducted. |
| financial ratio | A comparison between two items of financial information. |
| earnings per share | The amount of net income after federal income tax belonging to a single share of stock. |
| price-earnings ratio | The relationship between the market value per share and earnings per share of a stock. |
| statement of stockholder's equity | A financial statement that shows changes in a corporation's ownership for a fiscal period. |
| par value | A value assigned to a share of stock and printed on the stock certificate. |
| current liabilities | Liabilities due within a short time, usually within a year. |
| long-term liabilities | Liabilities owned for more than a year. |
| supporting schedule | A report prepared to give details about an item on a principal financial statement. |
