Author Question: Which of the financial statements used by businesses to keep track of their financial affairs is the ... (Read 109 times)

dalyningkenk · **on:** Jul 6, 2018

Which of the financial statements used by businesses to keep track of their financial affairs is the most similar to an ordinary person's end-of-the month bank statement?

A) Income statement
B) Balance sheet
C) Statement of cash flows
D) Statement of ratio analysis
E) Statement of owners' equity

Question 2

A firm's ________ is its current assets divided by its current debt.

A) working share
B) present share
C) working capital
D) owners' equity
E) current ratio