Question

For both managers and external finaical analysts, _________ is the single most important accounting number found ont he income statment

Answer 1

For both managers and external finaical analysts, net income (net profit after tax) is the single most important accounting number found on the income statement.

For the vast majority of users, the income statement —which shows a company's capacity for making a profit—is the most crucial financial statement. A decent level of accuracy is also shown by the fact that the majority of the data on the income statement is presented in relatively current dollars. The income statement shows a reasonable level of accuracy because it is mainly in very recent dollars. However, it doesn't show how much in terms of assets and liabilities is necessary to make a profit, and its outcomes aren't always indicative of how much cash the company actually makes.

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