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Financial Information for the 2001 Fiscal Year
NOTE: The balance sheet gives
a snapshot of the financial health of an organization
at a particular point in time. An organization's
total assets should generally exceed its total
liabilities, or it cannot long survive, but
the types of assets and liabilities also must
be considered. For instance, an organization's
current assets (cash, receivables, securities,
etc.) should be sufficient to cover its current
liabilities (payables, deferred revenue, current
year loan and note payments). Otherwise, the
organization may face solvency problems. On
the other hand, an organization whose cash and
equivalents greatly exceed its current liabilities
might not be putting its money to best use.
Source: Guidestar |
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For more information, please contact us at: 3900 Westpoint Blvd., Suite F Winston-Salem, NC 27103-3903 tel: 336.765.0932 fax: 336.765.8803
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