Dear all, would you take a look at the following sentences? They are explaining items of a balance sheet; translation is mine.
I would appreciate if you pointed out where my wording is inappropriate. Any suggestions are more than welcome.
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Next, we will report on the balance sheet and the profit and loss statement. Please take a look at the page eight to ten of the hand-out.
Let us start with the balance sheet. Our total assets amounted to $100 million. On a year-to-year comparison, this is a decline of $10 million. The main factors for this decline are as follows:
- The decrease in cash and deposit
- The decrease in accounts receivable
- The increase in inventory assets, to name the major factors.
Let us move on to the liability section.
- The increase in loans
- The decrease in accounts payable
Due to the above and other factors, the liability amounted to $50 million. That is, it declined by $5 million compared to that of the last fiscal term.
As to the capital, it amounted to $35 million. This figure is $1.5 million less than that of the last term.
As a result, our equity ratio is now 30.0 percent.
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I was never interested in accounting until today, and I need your advice. I appreciate any comment!
Many thanks.