Google, like any other company, uses these three financial statements to assess its financial health. The balance sheet provides a snapshot of Google's assets, liabilities, and shareholders' equity at a specific point in time. This helps Google assess its financial standing and ability to meet short-term obligations. The income statement shows Google's revenues, expenses, and profits over a period, highlighting its operational efficiency and profitability. It shows how well Google generates revenue from its operations and manages its expenses. The cash flow statement traces Google's liquidity. It shows how Google generates cash to fund operations, invest in growth, and return value to shareholders. Google also uses financial ratios derived from these statements for a sharper insight into its financial health.
How to clearly show the performance of your organization with numbers? The three financial statement...
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