The ____ Function Is Useful When You Want to Assign

question 104

Multiple Choice

The ____ function is useful when you want to assign a value to a cell based on a logical test.

• A) IF
• B) NOW
• C) AND
• D) OR

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Definitions:

Debt Ratio

A financial ratio that measures the extent of a company’s leverage, computed by dividing total liabilities by total assets.

Financial Leverage

The use of borrowed funds to increase the potential return of an investment, which also increases the risk.

Posting Reference Column

A column in journals and ledgers where account numbers related to specific transactions are recorded for tracking purposes.

Ledger Accounts

A complete record of all the financial transactions over the life of a company, organized by account.