The chief financial officer of Cherry Toys wants to determine the losses incurred by the company's sales team. The financial report she should look at is the _____.
A) income statement
B) financial ratio report
C) balance sheet
D) annual budget report

Question

Quizplus · Accepted Answer

The income statement shows the company's revenue, expenses, and net income or loss for a specific period. The CFO can use this report to determine if the sales team's performance has affected the company's profitability.

The Chief Financial Officer of Cherry Toys Wants to Determine