The marketing manager of a major electronics company said, The balance sheet isnt of much use to

Question:

The marketing manager of a major electronics company said, “The isn’t of much use to me. It is so static. But the income statement is a primary tool for managing my dynamic business.” Why would a marketing manager find the income statement more useful than the Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...