Final answer:
To determine the balance sheet value needed for a ratio calculation, refer to the financial statement of the specific period in question and analyze the balance sheet.
Step-by-step explanation:
When a ratio requires using a balance sheet value together with an income statement value, the balance sheet value should be determined by looking at the financial statement of the specific period in question.
The balance sheet provides a snapshot of a company's assets, liabilities, and equity at a specific point in time. By analyzing the balance sheet, you can determine the value of the specific balance sheet item needed for the ratio calculation.