Balance sheet is a major part of a financial statement that are used to evaluate and analyze the business performance. It is basically a summary of a business assets and liabilities that shows owner’s equity that how much money will left over if they sold out all of the company’s assets and paid off all of their debts. Balance sheet is an overview of the company’s financial state by comparing it with the financial reports of previous periods.
Investors can understands the financial well being of a company using number of ratios provided by the balance sheet which includes debt to equity ratio and acid-test ratio. An analyst generally uses the balance sheet report to calculate financial ratios that helps to determine how well a company is performing in a specific period.
Stake holders can study balance sheet to understand the business performance of a company. This document also helps in identifying the source of company funding.
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