Bill, a finance manager at Iridium Inc., desires to understand why the company's profitability fell in the past 6 months. He must use _____ to understand this issue.
A) CPM statement
B) balanced scorecard
C) PERT chart
D) breakeven analysis account
E) income statement

Question

Quizplus · Accepted Answer

The income statement, also known as the profit and loss statement, shows a company's revenues and expenses over a specific period of time, and can help finance managers like Bill understand why profitability has fallen in the past 6 months.

Bill, a Finance Manager at Iridium Inc