The only financial statement that managers need to manage their business effectively is the P&L statement.

Name: The only financial statement that managers need to manage their business effectively is the P&L statement.
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Quizplus · Accepted Answer

While the P&L statement is an important financial statement, it does not provide a complete picture of a company's financial health. Managers should also consider other financial statements such as the balance sheet and cash flow statement to make informed decisions.

The Only Financial Statement That Managers Need to Manage Their