1. What do the owners (equity holders of a corporation) call the investments they have made into the business they own?

Group of answer choices

Assets

Liabilities

Equity

Revenues

Expenses

2.

Which of the following formula would you use to calculate the efficiency of a company's overall cost control?

Group of answer choices

Revenues divided by the Average Assets

Net Income divided by the Revenues

Net Income divided by the Average Assets

Net Income divided by the Average Equity

3.

Which documents are necessary to calculate the operating efficiency?

Group of answer choices

1: The Balance Sheet of one accounting period

2: The Income Statement of one accounting period

3: The Income Statement of one accounting period; and the beginning & the ending Balance Sheets of the same period

4: 1 and 2 together