Multiple Select QuestionSelect all that applyA ratio analysis combines information from which two reports?Multiple select question.income statementstatement of cash flowsowner's equity reportbalance sheet
Question
Multiple Select QuestionSelect all that applyA ratio analysis combines information from which two reports?Multiple select question.income statementstatement of cash flowsowner's equity reportbalance sheet
Solution
A ratio analysis combines information from the following reports:
- Income Statement
- Balance Sheet
These two financial statements provide the necessary data to calculate various financial ratios. The income statement provides information about a company's revenues and expenses, which can be used to calculate profitability ratios. The balance sheet provides information about a company's assets, liabilities, and equity, which can be used to calculate liquidity, solvency, and financial structure ratios.
The statement of cash flows and owner's equity report are also important financial statements, but they are not typically used in ratio analysis.
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