For this assignment, you will examine the financial statements found on pages $472-475.$ We will use the Income Statement Sheet for this exercise. Looking at the statements from a managerial point of view, I want you to decide the five $(5)$ most important numbers, areas, etc. that you would initially look at for each statement. While doing so$,$ comment on each one you have chosen and explain why you have singled them out as key indicators to you. Here are a few considerations to help you make your decision:

Which statement would you go to first? Why this one? Would you do this if you were the manager of a different department within the organization?

If you identify areas on the statement$($s$)$ that are of concern, where might you go next to dig deeper and verify your thoughts or allay your concerns?

Think about receiving an annual report for a stock you own. You will notice that it is thick but the statements we are looking at are but a few pages. Why is this? What is important about the rest of the report? $($You can find annual reports online at the company website$).$

How are these statements interrelated? Do you see any common elements on both? How would you relate the two statements to come to a conclusion on the financial health of the organization?