Solve For $x$ And $y$

question 35

Essay

Solve for $x$ and $y$ . $\left[ \begin{array} { l l } 2 & x \\6 & 0\end{array} \right] \left[ \begin{array} { l l } y & 3 \\- 2 & 2\end{array} \right] = \left[ \begin{array} { l l } 1 & 3 \\- 6 & 18\end{array} \right]$

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Definitions:

Common-size Statement

A financial statement in which all line items are expressed as a percentage of a base figure within the statement, facilitating comparison across different periods or companies.

Liability Accounts

Accounts on a company's balance sheet that represent the company's obligations to others, including loans, accounts payable, mortgages, and accrued expenses.

Total Assets

The sum of all assets owned by a company, including cash, inventory, property, and equipment, reflected on the balance sheet.

Use of Cash

The ways in which a company or individual employs their available cash resources, including operating expenses, investments, and financing activities.