Finance School of management The Balance Sheet Major divisions Assets Current assets (less than a year) Long-term assets (longer than a year) Depreciation Liabilities and stockholder's equity Liabilities Current liabilities Net Working Capital= Current Assets-Liabilities Long-term debt equity uesTc5 Finance School of Management ❖ Major Divisions – Assets ✓ Current assets (less than a year) ✓ Long-term assets (longer than a year) – Depreciation – Liabilities and Stockholder’s Equity ✓ Liabilities – Current Liabilities Net Working Capital = Current Assets - Liabilities – Long-term debt ✓ Equity The Balance Sheet