In your own words, explain the recording process and the accounting equation to someone who has no accounting experience.

• Then, give your opinion on the elements or areas that might cause the most confusion or be the most difficult to grasp.
• Provide support for your conclusion.

In your own words, explain the recording process and the accounting equation to someone who has no accounting experience.

• Then, give your opinion on the elements or areas that might cause the most confusion or be the most difficult to grasp.
• Provide support for your conclusion.

accounting discussion
Based on pages 776-785 in your textbook, calculate one ratio from each of the following groups (three ratios total) for 2018 for Smart Touch Learning:

Ability to Pay Current Liabilities
Current Ratio
Cash Ratio
Ability to Pay Long-Term Debt
Debt Ratio
Debt-to-Equity Ratio
Profitability
Profit Margin Ratio
Rate of Return on Total Assets
What do these results tell you? How will you use this information in planning and decision making?

Refer to these comparative financial statements to help you work through this discussion.

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