Response Analyzing financial statements
Reply to the following using at least 175 words. Be professional and constructive. Use FULL APA references and in-text citations.
1. By analyzing financial statements , a person can assess his or her financial condition and progress. The two most important financials statements are federal tax returns; income and expense statements.
Why do think these are the two most important statements?
2. A balance sheet reflects one’s net worth.
Net Worth is essential to show the current financial status of an individual’s or a business’s surplus or deficit.
