Some hoteliers believe that a hotel's balance sheet is the best indicator of its economic health while

Question:

Some hoteliers believe that a hotel's is the best indicator of its economic health while others point to the income statement as the better measure of financial strength. Which document do you believe is most important? Give two reasons to support your answer.
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...