By seeing balance sheet of  company what you conduct is company in profit or loss .. explain in details .

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Balance Sheet: Assets (Millions of Dollars) 2021 2020 Cash 100 $ 102 Screen Shot 2022-05-04 at 9.09.36 PM S-T invest. AR 10 40 500 384 Inventories 1,000 774 Total CA $ 1,610 $ 1,300 Net Property, plant and equipment (PP&E) $2,000 $ 1,780 Total assets $3,610 $ 3,080 Balance Sheet: Assets (Millions of Dollars) 2021 2020 Cash 100 $ 102 Screen Shot 2022-05-04 at 9.09.36 PM S-T invest. AR 10 40 500 384 Inventories 1,000 774 Total CA $ 1,610 $ 1,300 Net Property, plant and equipment (PP&E) $2,000 $ 1,780 Total assets $3,610 $ 3,080

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To determine if a company is in profit or loss by looking at its balance sheet we need to focus on t... View the full answer