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Use this information to answer the following question. Here is the balance sheet for Costello Container Company:
-If the balance in the Cash account were used to buy more equipment,then the total assets would
Supplies Account
An account used to track the costs of supplies that have not been consumed by the end of an accounting period.
Operating Expenses
Costs associated with the day-to-day operations of a business, such as rent, utilities, and payroll.
Operating Income
The profitability from a company's core business operations, excluding deductions of interest and taxes.
Net Profit Margin Ratio
A financial performance metric that calculates the percentage of net income to revenue, indicating how much profit a company generates from its revenues.
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