7c. If Paul and Jared at any time wanted... If Paul and Jared at any time wanted to easily check on past monthly expenses for their pizza business, they would need to consult the 3 of 5 Multiple Choice ledger O Journal tlal balance income statement cash flow statement 10 What concept does the balance sheet really explain by looking at the information contained in it? Part 3 of 5 Multiple Choice 5.88 points net worth the ability for a company to pay its obligations within the next 12 months return on sales figures profitability debt 12 The financial statement that is most likely to be used to determine if a business is able to meet its short-term obligations within the next month would be Part of 5 Multiple Choice 5.88 points All of these statements could be used to determine if a business is able to meet its short term obligations None of these statements could be used to determine if a business is able to meet its short-term obligation, the income statement the cash fow statement the balance sheet If a business has a return on equity ratio of 25%, then this means 17 Multiple Choice Part 5 of 5 5.92 points the business owes 25% of its profits to its employees, the return on equity ratio does not represent any of these answers, the owners made 25% profit from each dollar invested in the company. total liabilities must be 25% of the value of the business. the business is generating $0.75 profit on each dollarit spent on Inventory