This is a summarised statement so you may need to combine some of your balance sheet categories. Next to each item is a box stating whether the item is variable or fixed.
Some assets and some liabilities in your business vary directly with sales. For example, inventory is a variable asset because it increases in order to support increased sales. A building, though, is usually a fixed asset.
Accounts payable is usually a variable liability because it too, varies with sales. A long-term debt, however, is a non-variable liability because additional sales don't affect it; its principal and interest payments remain constant over the life of the loan.
Note: Your Total Assets should equal your combined Total Liabilities & Net Worth.
This measures the profitability of your business (ie for every dollar that is earned from sales, how much of this is profit?)
This is a measure of solvency (ie for every dollar of current liabilities that you owe, how much in current assets do you have to pay for them?)
Quick ratio measures liquidity - this is the worst case scenario for your business (ie how much cash could you produce to pay your creditors in a short period of time?)
Debt/Equity ratio is a measure of financial risk (ie for every dollar you have invested in your business, how much have other people invested? The more other people have contributed, the greater the risk that they will stop supporting you)