If you wanted to make sure a company has enough money available to pay its bills, which financial statement would be most helpful?

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asked Dec 25, 2017 183k views

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Jlhoward · Answer 1 · 2017-12-31T05:01:54+0000

Answer: A balance sheet

Explanation:

A balance sheet is known to be a financial statement which shows the financial position of a company. Thus, Company’s assets, liabilities and owner's equity are been reported at a specified period of time on the balance sheet. Furthermore, its purpose is to know the company’s financial worth, credit and investment.

If you wanted to make sure a company has enough money available to pay its bills, which financial statement would be most helpful?

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