The IF Function

question 68

Multiple Choice

The IF function:

• A)contains data for the basis of the lookup and data to be retrieved.
• B)looks up a value and returns a related result from a lookup table.
• C)evaluates a condition and returns one value if the condition is true,a different if false.
• D)contains another function embedded inside one or more of its arguments.

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Definitions:

Total Assets

The sum of all assets owned by a company, including both current and non-current assets.

Net Income

The amount of earnings left after all business expenses, including taxes, operating costs, and interest, have been subtracted from total revenue.

Trend Analysis

Trend analysis is a technique used in financial analysis and business strategy to identify patterns and predict future movements in data over time, often utilized for revenue, expenses, and stock prices.

Horizontal Analysis

A financial analysis technique that compares line items in financial statements over multiple periods to identify trends and changes.