A new equipment was bought for $19,000 with a life of five years. The equipment also has no salvage value. Its annual operating costs were as follows: $13.000, $13,910; $14,883.70; $15,925 56; $17,040.35. If the MARR 15%, what was the present equivalent cost of the equipment? Oa 68144 Ob. 22248 OC. 62,100 od 75356

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Financial Statements

Financial statements (or financial reports) are the formal records of the financial activities that are undertaken by a firm. They are convenient instruments used for analyzing a company’s financial position and performance. Financial ratios are created with the help of the numerical values that are derived from the financial statements. They give meaningful information about the financial performance of the company.