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1 . The income statement may be used to do all of the following except evaluate profitability and assess the return on investment. evaluate management's

1 .

The income statement may be used to do all of the following except

evaluate profitability and assess the return on investment.

evaluate management's performance.

obtain a snapshot of the company's financial position at a moment in time.

assess the company's operating capability and financial performance for the current period.

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