Which of the following statements would be most useful if an analyst wants to know the profitability of a company?

Question

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The income statement shows the company's revenue, expenses, and overall profitability over a specific period of time. It is the most useful statement for analyzing a company's profitability. B) Balance sheet shows the company's assets, liabilities, and equity at a specific point in time, while the statement of retained earnings shows the changes in the company's retained earnings account. The statement of cash flows shows the inflows and outflows of cash during a specific period but does not provide a complete picture of the company's profitability.

Which of the Following Statements Would Be Most Useful If