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

The balance sheet shows the assets and liabilities of a company and would provide the necessary information for analyzing financial strength. The income statement shows revenue and expenses, not assets and liabilities. The balanced scorecard is a tool for measuring performance, not financial strength. Gantt charts are used for project management and breakeven analysis is used to determine the point at which a company's revenue will cover its expenses, neither of which provide information on assets and liabilities.

The CFO of a Company Wanted to Analyze the Financial