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WORLD BANK
FINANCIAL RATIO ANALYSIS FOR FINANCIAL RATIO ANALYSIS FOR NON-FINANCIAL MANAGERS NON-FINANCIAL MANAGERS 
DR. KHALED FOUAD SHERIF DR. KHALED FOUAD SHERIF SECTOR MANAGER SECTOR MANAGER EASTERN EUROPE & CENTRALEASTERN EUROPE & CENTRALASIA DEPARTMENT ASIA DEPARTMENT THE WORLD BANK THE WORLD BANK WASHINGTON DC WASHINGTON DC Web: http:\\www.ksherif.comWeb: http:\\www.ksherif.com
 
WORLD BANK
FINANCIAL RATIO ANALYSIS FOR FINANCIAL RATIO ANALYSIS FOR NON-FINANCIAL MANAGERS NON-FINANCIAL MANAGERS 
Introduction to Balance Sheets and Income Statements:Introduction to Balance Sheets and Income Statements:The balance sheet summarizes the financial position of an organization at a given moment, it is a snapshot of the firm. The balance sheet reflects the status of theorganization’s assets, (the economic resources ownedby the organization), liabilities (debts owned tocreditors), and equity (the owner’s investment in theorganization).
 
WORLD BANK
FINANCIAL RATIO ANALYSIS FOR FINANCIAL RATIO ANALYSIS FOR NON-FINANCIAL MANAGERS NON-FINANCIAL MANAGERS 
As its name implies the balance sheet shouldindicate that these elements are in balance. 
Assets = Liabilities + Equity
 
This fundamental relationship must always exist,because the assets represent the things owned bythe organization and the liabilities and equityindicate how much was supplied by both creditorsand owners.
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