Financial statements such as the income statement and balance sheet are like monetary report cards of how a company is doing. They are a summary of a companys financial data compiled from business activity over a period of time or, in the case of balance sheets, are a snapshot at a specific time.

When we think about companies we love and others we hate because of their treatment of their staff or the quality of products, CEOs justify their choices based on this simple equation.

Profit = Revenue - Expenese

( how can I make the most money while spending the lowest amount possible to achieve the goal)

Take a look at this list below and share ways in which companies in these categories can reduce their expenses or increase their revenues: Doing either one will increase their profit. ( select 2 categories)

Retail store

Manufacturing firm

Bank

Restaurant

Airline

Hotel