Describe the SUMIF function
The SUMIF function adds all values based on one particular rule. For examples, the SUMIF formula SUMIF(A:A,"Red",C:C) means to add all cells in column C only if the term "Red" is in column A of that row.
How does the risk free rate play into calculating the growth rate of a particular stock?
The interest free rate has an impact on all stock, so in order to determine the true growth rate, the interest free rate will need to be subtracted from the overall change in stock price.
When comparing the financial statements, how does the income statement differ from the balance sheet
The income statement reflects financial activity for a specified period of time, however the balance sheet reflects the financial activity of a company since inception