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What is the difference between class variables and instance variables?
Average Tax Rate
Total taxes paid divided by total taxable income.
Net Working Capital
The difference between a company’s current assets and current liabilities, indicating the liquidity of the business.
Statement of Comprehensive Income
A financial report detailing all equity adjustments for a period, excluding those changes stemming from owner investments and payouts to owners.
Carrying Value
The carrying value, or book value, is the value of an asset as recorded on the balance sheet, considering factors like depreciation and amortization.
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