Income statement and balance sheet interact


Problem 1. For 2011 and 2012, analyze the trends and compare revenues, cost of goods sold, accounts receivable, accounts payable, and inventory.

Problem 2. Which company shows the best performance? Explain.

Problem 3. How is the information you reviewed helpful from a managerial point of view? Explain.

Problem 4. Comment on how the income statement and the balance sheet interact.

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Accounting Basics: Income statement and balance sheet interact
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