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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 _____.

User Meng Lu
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Answer: balance sheet

Step-by-step 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.

User Tomas Varga
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