What does the Consolidated Statements of Earnings—the income statement—tell you about the company?

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What does the Consolidated Statements of Earnings—the income statement—tell you about the company? Why is this statement important? What business decisions could be made using the income statement?

What does the balance sheet tell you about the company? Why is the balance sheet important? What business decisions could be made using the balance sheet?

What does the statement of cash flows tell you about the company? What business decisions could be made using the statement of cash flows?

What information is provided in the statements that will assist you in making these business decisions? What information is not provided that could assist in managerial decision making?

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