Question

What is the importance of financial statement

Answer 1

Answer:

Financial statements are important because they contain significant information about a company's financial health. Financial statements help companies make informed decisions since they highlight which areas of the company provide the best ROI (return on investment)

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Answer 2

Answer:

General Benefits of Financial Statements :

•Better debt management.

•The amount of debt your company carries and in what form is an important measure of the •financial health of your company. ...

•Identifying trends. ...

•Progress tracking in real time. ...

•Managing liabilities. ...

•Progress and compliance...

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