Consider the following table: The year 2015 Base Year Price Index = (120)   Base Year Output = (4 million)   The year 2016 Current  Year Price Index = (140) Current  Year Output = (5 million)   A. Calculate the following: Nominal G.D.P. in 2016 Real G.D.P. in 2016       B. Calculate MPS for the following data:  Y1=2000                           S1=300 Y2=4000                           S2=800

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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.