Financial reports provide vital information to investors, lenders, and managers. This chapter from the seventh edition of How to Read a Financial Report offers a plain-English user's guide to financial reports. The book helps you get a sure-handed grip on the profit, cash flow, and financial condition of any business. This chapter delves into: External income statements Comparing Equal Percent changes Reporting operating expenses Analyzing a management profit report Making changes in the profit equation Determining the breakeven point
