Which financial statement would you analyze to assess a firm's operating performance over the past year?

Question

Quizplus · Accepted Answer

The income statement shows a company's revenues, expenses, and net income over a specific period of time, usually a year. This financial statement provides insight into a firm's operating performance by detailing the revenue and expenses related to the company's main operations. Therefore, it is the best option for assessing a firm's operating performance over the past year.

Which Financial Statement Would You Analyze to Assess a Firm's