Evaluate. 0.39 + 0.28

question 99

Multiple Choice

Evaluate. 0.39 + 0.28

• A) 0.67
• B) 0.7
• C) 0.69
• D) 0.66
• E) 0.63

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Definitions:

Vertical Analysis

An approach to financial statement examination whereby each component is presented relative to a foundational number in the report.

Balance Sheet

An accounting summary that captures a company's financial holdings, debts, and stockholders' equity at a given time.

Income Statement

A financial statement that shows a company's revenues, expenses, and profit over a specific period of time.

Vertical Analysis

A method of financial statement analysis in which each entry for each of the three major categories of accounts (asset, liabilities, and equity) in a balance sheet is represented as a proportion of the total account.