Final answer:
The balance sheet shows a company's financial position and includes the raw materials inventory account.
Step-by-step explanation:
The balance sheet is a financial statement that shows a company's financial position at a specific point in time. It includes categories such as assets, liabilities, and owner's equity. The raw materials inventory account is part of the current assets section of the balance sheet and represents the value of materials that are used in the production process but have not yet been used to create finished goods.