Engineering Economics
Pick up the correct statement regarding financial statement analysis from the following.

All listed here
The balance sheet is the summary of assets, liabilities and owner's equity of business at a point in time
The income statement is the summary of revenues and expenses of a firm over a particular period of time
Final analysis always involves the use of various financial statements i.e., balance sheet and income statement

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Engineering Economics
Each financial ratio is generally compared by

A ratio of some selected firms most progressive and successful at the point of consideration
A past ratio calculated from the past financial standard of the firm
A ratio developed by using the projected financial statement of the firm
All of these

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