It has been said that operating managers focus primarily on the income statement, while financial managers focus mainly on the balance sheet. And some say the cash flow statement is the most important of these financial statements.

• What do you think?
• Is one more important than the others? If so, which one and why?
• On the other end of the spectrum, are they all equally important or somewhere in between? Explain.

1. Review the income statement, the balance sheet, and the cash flow statement.

https://www.apple.com/newsroom/pdfs/Q3%20FY19%20Consolidated%20Financial%20Statements.pdf

Answer rating: 100% (QA)

The income statement balance sheet and cash flow statement each serve distinct purposes in assessing ... View the full answer