Best Financial Statement
What's your favorite financial statement and why?"
The question was spoken quickly and with a tinge of annoyance, as my interviewer eyed me disdainfully from his cushy black leather chair. The investment banker had little time to conduct these ridiculously long interviews that are standard fare for analyst candidates.
I shifted uncomfortably in my seat and scanned my frazzled brain for the "right" answer.
"Well, of course all three financial statements should be studied in conjunction with one another, but if I had to choose just one, it would be the balance sheet because it represents the foundation upon which a business is built."
That sounded good, right? Diplomatic, intelligent, maybe even a bit Wise. But did my interview answer hold any truth whatsoever?
Well, a little. It's true that each of the three financial statements -- income statement, balance sheet, and cash flow statement -- holds certain puzzle pieces that are essential to solving the mystery of how a......
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Approximate Word Count: 1033
Approximate Pages: 5 (250 words per double-spaced page)
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