Which Financial Statement(s)do You Need to Calculate Return on Equity

question 75

Multiple Choice

Which financial statement(s) do you need to calculate return on equity?

• A)only the income statement
• B)only the balance sheet
• C)both the income statement and the balance sheet
• D)the income statement,the balance sheet,and the statement of cash flows

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Definitions:

Skills

The abilities and expertise acquired through training or experience that enable an individual to perform tasks effectively.

Natural Rate

The level of unemployment or interest that exists when an economy is balanced, not affected by short-term fluctuations or cyclical, structural factors.

Price Level

The combined average cost of all goods and services manufactured within the economy.

Deflation

A decrease in the general price level of goods and services, often indicating an economy in contraction.