FINANCIAL SCHEDULE Definition

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FINANCIAL SCHEDULE, contained in an audited annual report, summarizes the audited financial position of the audited entity. Other application of the term is the scheduling of amounts, not necessarily by date, of major financial events by any given category as to projected receipts, payments, costs, etc.

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AGE OF INVENTORY see DAYS INVENTORY.

SOLVENCY is a companys long-term ability to meet all financial obligations.

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