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8 September, 17:54

Mark Jenkins is an analyst who is comparing companies in the telecommunications industry. His next step is to analyze each company's short - and long-term assets vs. respective short - and long-term debts. Which financial statement should Mark use to find this information?

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  1. 8 September, 18:07
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    The answer is balance sheet.

    Explanation:

    Balance sheet also known as the Financial position tells us about the position of a company in terms of its liabilities and assets.

    Since Mark Jekins is looking analyze each company's short - and long-term assets vs. respective short - and long-term debts, the best statement is balance sheet.

    Balance sheet contains Current e. g cash, inventory etc. and non-current asset e. g property plant and equipment.

    It also contains current liability (accounts payable) and non-current liability (bonds).

    It also contains equity.
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