To Retrieve a Return Value from a Vertical Lookup Table

question 280

True/False

To retrieve a return value from a vertical lookup table, you use the VTABLE function.

---

Definitions:

Long-Term Liabilities

Obligations or debts that a company is responsible for paying which are due more than one year in the future.

Total Liabilities & Equity

The sum of all financial obligations and owners' equity of a business, representing the sources of funding for its assets.

Common Size Income Statement

A financial statement that presents all items as a percentage of a common base figure, making it easier to analyze changes and compare financial performance over time.

Net Income

The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue, indicating financial health.