The CFO of a company wanted to analyze the financial strength of his company. He specifically asked for information on the company's assets and liabilities. Which of the following would provide the necessary information?
A) Income statement
B) Balance sheet
C) Balanced scorecard
D) Gantt chart
E) Breakeven analysis account

Question

Quizplus · Accepted Answer

A balance sheet provides a snapshot of a company's financial position, including its assets and liabilities. The income statement shows revenue, expenses, and profit over a period of time, while the balanced scorecard and Gantt chart are performance management tools that are not specifically focused on financial strength. Breakeven analysis is a calculation of the level of sales needed to cover all costs, and does not provide the necessary information on assets and liabilities.

The CFO of a Company Wanted to Analyze the Financial