Reading Meaning into Balance Sheets

  • D. E. Turner
  • P. H. Turner


The following information refers to the business of Alan Andy, a taxi-cab operator, at 1 June last. At that date, he owned the freehold of a garage valued at £36 000, of which he owed £24 000 to a building society on a 15-year mortgage. He owned three cars currently valued at £10 000 each and various items of office equipment of a total value of £3600. At his garage, he had in stock £600 worth of petrol; he still owed £240 on this. His balance at the bank was £2400 and his cash-in-hand was £400.


Total Asset Balance Sheet Trade Creditor Current Ratio Cash Holding 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© D. E. Turner and P. H. Turner 1991

Authors and Affiliations

  • D. E. Turner
  • P. H. Turner

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