jack's oyster barn Shows you financial statements that reflect 1 million of total assets and 100,000 of liabilities and 500,000 in equity. You conclude...
A. This is a sound company because equity exceeds liabilities 5 to 1.
B. This is a sound company because assets exceed liabilities by 10 to 1.
C. Both 1&2 above
D. Somebody does not know how to prepare a balance sheet and you tell them the balance sheet is worthless for your purpose because it does not balance.