Question

Which business financial statement is used primarily to look at how a company has been doing over time and predict how it might do in the near future?

Responses

income statement

income statement - no response given

balance sheet

balance sheet - no response given

cash flow

cash flow - no response given

changes in equity

changes in equity - no response given

Answer 1

income statement

It shows revenues, expenses, and profit over a period, so it's used to track performance trends and forecast near‑term earnings.