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Argon Inc, a Textile Company, Installed New Equipment in Its Factory

Question 49

Multiple Choice

Argon Inc., a textile company, installed new equipment in its factory two years ago. This increased the production rate. The chief executive officer of Argon wants to determine the current assets and liabilities of the company. The financial report that can provide this information is the _____.


A) cash flow statement
B) financial ratio report
C) balance sheet
D) income statement

Correct Answer:

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