Examlex
Nonliving entities do NOT possess
Income Statement
An income statement is a financial report that shows a company's revenues, expenses, and profits over a specific period.
Balance Sheet
A financial statement that provides a snapshot of a company’s assets, liabilities, and equity at a specific point in time.
Current Ratio
A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year.
Acid-test Ratio
A financial metric used to evaluate a company's short-term liquidity position by comparing its most liquid assets (excluding inventory) to its current liabilities.
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