Answer (D) is correct . Assets are usually measured at original historical cost in a statement of financial position, although some exceptions exist. For example, some short-term receivables are reported at their net realizable value. Thus, the statement of financial position cannot be relied upon to assess NRV.
Answer (A) is incorrect because Efficiency of asset use is assessed by calculating liquidity, leverage, and asset management ratios. These ratios require balance sheet data.
Answer (B) is incorrect because Liquidity and financial flexibility are assessed by calculating liquidity, leverage, and asset management ratios. These ratios require balance sheet data.
Answer (C) is incorrect because The capital structure of the enterprise is reported in the equity section of the statement of financial position.
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