Assume you have just won the lottery and have some cash to invest in a publicly traded company If you could have access to only one of the four required financial statements (income statement, balance sheet, statement of cash flows, or statement of retained earnings), which would be the most useful...

If I won a lottery and have some cash to invest in a publi ...

Assume you have just won the lottery and have some cash to invest in a publicly traded

Question:

Assume you have just won the lottery and have some cash to invest in a publicly traded company. If you could have access to only one of the four required (income statement, balance sheet, statement of cash flows, or statement of retained earnings), which would be the most useful? Explain your answer.
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...