If you could use only one statement to review the overall health of a company, which statement would you use, and why?

Question

Accepted Answer

The statement that would best review the overall health of a company is the income statement.

The income statement provides a comprehensive overview of a company's financial performance over a specific period.
It shows the company's revenues, expenses, and net income, allowing for analysis of profitability.
By examining the income statement, one can assess the company's ability to generate profits and manage costs.
It also helps in evaluating the company's revenue growth, margins, and overall financial stability.
Comparing income statements from different periods can indicate trends and potential areas of concern.

Accenture Financial Accountant interview questions & answers