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In November 2012 Perrigo Co. (PRGO)had a share price of $39.20. They had 91.33 million shares outstanding, a market-to-book ratio of 3.76. In addition, PRGO had $845.01 million in outstanding debt, $163.82 million in net income, and cash of $257.09 million.
-The statement of financial performance is also known as the:
A)balance sheet.
B)income statement.
C)statement of cash flows.
D)statement of changes in shareholder's equity.

Question

Quizplus · Accepted Answer

The statement of financial performance is also known as the income statement, which shows a company's revenues, expenses, and net income over a specific period of time.

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