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.
