Which of the following provides a financial snapshot of a company's assets and liabilities (debts) on a given date?
A) working capital
B) operating margin
C) balance sheet
D) gross margin

Question

Quizplus · Accepted Answer

A balance sheet provides a financial snapshot of a company's assets and liabilities (debts) on a given date, giving an overall view of the company's financial position. Working capital is a measure of a company's short-term liquidity, while operating margin and gross margin are measures of a company's profitability.

Which of the Following Provides a Financial Snapshot of a Company's