Which of the following statements are true about the balance sheet? Select all that apply. It a snapshot of a company's assets, liabilities and equity at a specific time in point. It keeps track of the financial activity of a company over a period of time. It contains three categories: assets, liabilities and profit. It shows everything that the company owns and owes. QUESTION 5 Which of the following statements are true? Select all that apply. Return on equity is an indicator that can tell the profitability of each project. Return on revenue shows the interest that the owner gets on his money. Both current ratios and quick ratios are "safety factors" for a creditor's money loaned to a company. Working capital is the amount of dollars that a company could use to increase its business, and it is the calculated as (Current Asset Current Llability). QUESTION 6 Which of the following statements are true about the fundamental formula (Assets = Llabilities + Owners' Equity)? Select all that apply. It holds true until the company is closed and its assets are liquidated. Assets in a balance sheet are recorded at their market values. Assets in a balance sheet are recorded at their book values (with the exception of assets with depreciations). Depreciation is applied to assets whose economic life is intrinsically long