A »The three main financial statements are the balance sheet, income statement, and cash flow statement. The balance sheet provides a snapshot of a company’s assets, liabilities, and equity. The income statement shows profitability over a period, detailing revenues and expenses. The cash flow statement tracks the inflow and outflow of cash, crucial for assessing liquidity. For example, a company might use these to evaluate its financial health before seeking investment.

A »The three main financial statements are the Balance Sheet, Income Statement, and Cash Flow Statement. The Balance Sheet shows a company's financial position, the Income Statement reveals its profitability, and the Cash Flow Statement highlights its liquidity and cash management. Together, they provide a comprehensive view of a company's financial health.