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Unit $4-$ Linkedln Learning

Summative Exam $|$ LinkedII

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Question $2$ of $10$

ABC has revenues of $$22$ million and expenses of $$15$ million. XYZ has revenues of $$150$ million and expenses of $$110$ million. Can you determine which company is more efficient from these income statements?

Select an answer:

Yes; an income statement provides all the information needed to determine how efficient one company is compared to another company.

Yes; an income statement provides all the measures of a company's efficiency, regardless of scale.

No; the scale of XYZ$\text{'}$s business is so much larger than ABC's, so you will not be able to determine which company is more efficient.

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No$,$ a company's efficiency also involves. looking at a company's balance sheet.

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