Application of Financial Statement Students will prepare a two to three page response to the following: Select either the balance sheet or income statement and explain how the use of it may be applied to your everyday life. Using the same concept selected above, discuss how a business manager may benefit from an understanding of this statement. Discuss how your understanding of the balance sheet and income statement may be applied to your current or future position. The format of the report is to be as follows: Typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format. Type the question followed by your answer to the question. In addition to the two to three (2-3) pages required, a title page is to be included. The title page is to contain the title of the assignment, your name, the instructor- name, the course title, and the date.
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