The CEO of Fox Mart wants to know what his company's financial position looked like on the 31st of December of the previous year. The financial report he should look at is the company's _____.

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12-08-2020
Business

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The CEO of Fox Mart wants to know what his company's financial position looked like on the 31st of December of the previous year. The financial report he should look at is the company's _____.

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topeadeniran2 topeadeniran2 · Answer 1 · 2020-08-13T06:01:52+02:00

Answer: balance sheet

Explanation:

The balance sheet helps to show the summary of the finances of a company. The balance sheet consist of the assets, liabilities, the equity capital, the total debt, etc of a company.

If the CEO of Fox Mart wants to know what his company's financial position looked like on the 31st of December of the previous year. The financial report he should look at is the company's balance sheet.