Statement of Financial Position 0.0 / 5 ? Business StudiesFinanceGCSEAQA Created by: tomlwdCreated on: 02-05-19 12:35 What is a statement of financial position? Shows how much money has been invested in the business and what it is been spent on 1 of 5 How often are statements of financial positions made? Once a financial year 2 of 5 What does a SFP show? The value of assets and liabilities. The source of capital used to finance an enterprise 3 of 5 How is the return on assets calculated? Divide the net profit by net assets, and multiply by 100 4 of 5 Why is a SFP important? A SFP shows what your company owns and what it owes through the date listed 5 of 5
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