Imagine that you are the manager of your favorite restaurant. Discuss how you would use comparative financial statements
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Imagine that you are the manager of your favorite restaurant. Discuss how you would use comparative financial statements to improve your day-to-day operations. Provide examples to support your response. If I were the manager of my favorite restaurant Ms. Roses I would definitely use comparative financial statements to help improve our daily operations. Comparative financial statements show multiple accounting periods which allow business owners to regulate business trends and evaluate a companys success or failure over a period of time. At Ms. Roses I would use comparative financial statements specifically to find the difference between two accounting statements. This would help me understand the differences occurring so that I can make positive changes. For example: we...