Time: About 15 minutes.

Exhibit D shows Harbor Oak’s balance sheet at eight month-ends.

1. Follow Cash – Operating Checking from January 31 to March 31. What happened?
2. Find the line that grew the most over the same two months.
3. Calculate the current ratio at March 31.
4. Nonprofit version: find the date when net assets with donor restrictions appear, and when they disappear.

Keep Exhibit D open for the Lesson 5 Quiz.