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Match the following.You may use a response once,more than once,or not at all.
-Involves unique situations
Classified Balance Sheet
A balance sheet that organizes a company’s assets, liabilities, and equity into subcategories for clearer understanding.
Adjusted Trial Balance
A listing of all company accounts and their balances after adjustments, serving as the basis for financial statement preparation.
Return on Assets Ratio
A measure of how effectively a company uses its assets to generate profit, calculated as net income divided by total assets.
DuPont Approach
A method of performance measurement that breaks down return on equity (ROE) into three components: operating efficiency, asset use efficiency, and financial leverage, to help analyze a company's financial condition.
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