If you had only 1 of the 4 subsequent financial statements available to study to assess the financial health of company, which would you prefer to have? Give a thorough discussion on why you chose the statement that you did.
Income statement
Cash flow statement
Balance sheet
Statement of changes in owner’s equity
Consider all of the ratios that can be used in financial statements, and complete the subsequent:
List four key financial ratios that could be calculated from the above 4 statements.
For each ratio listed, explain what it tells about the financial health of a company (while it is acceptable to include the ratios’ formula, this is not where your answers could be focused).
