All financial statements are important, but most managers tend to have one that they look to first. If you were a potential contributor or investor looking at the financial statements of a local regional medical center, which document would you start with? Explain why.
In a service business, the main assets used to produce revenue are employees, but employees are never 'purchased' as equipment is bought and used in a manufacturing business, or inventory is bought in a retail business. Therefore, the balance sheet is of less interest to a potential ...
Ina 190 word solution, the ordering of financial statements is given together with reasons why.