Which financial statement would you analyze to assess a firm's operating performance for the past year?
A)Balance Sheet
B)Statement of Retained Earnings
C)Income Statement
D)Statement of Public Accounting

Question

Quizplus · Accepted Answer

The Income Statement provides information about a firm's revenue, expenses, and net income over a period of time, usually a year. It is the primary financial statement for assessing a firm's operating performance.

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