The Statement of Changes in Equity Would Not Include Which

question 19

Multiple Choice

The statement of changes in equity would not include which of the following?

• A)Profit.
• B)Net sales.
• C)The closing balance in the relevant accounts from the previous year.
• D)Dividends declared.

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Definitions:

Inventory Turnover

A financial ratio indicating how many times a company has sold and replaced inventory over a period.

Days' Sales

A financial ratio that measures how efficiently a company uses its inventory by calculating the average number of days the company takes to sell its inventory.

Financial Ratios

Quantitative measures derived from financial statements used to assess a company's performance, financial health, and value.

Current Ratio

An indicator measuring a corporation's potential to handle its short-term financial obligations with assets on hand.