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Chapter 3 Vocabulary back up

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assets

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Terms in this set (31)

property or items of value owned by a business

A financial statement that reports assets, liabilities, and owner's equity on a specific date

benefit/cost ratio

calculation in cost-benefit analysis in which benefits are divided by costs, which allows for comparison across similar interventions

comparative analysis

An analysis based on a comparison of a firm's ratios with those of other firms in the same industry.

Cash and other assets expected to be exchanged for cash or consumed within a year