Assignment 1: Application of Financial Statement Students will prepare a two to three (2-3) page response to the following:

. Assignment 1: Application of Financial Statement Students will prepare a two to three (2-3) page response to the following:Select either the balance sheet or income statement and explain how the use of it may be applied to your everyday life.Using the same concept selected above, discuss how a business manager may benefit from an understanding of this statement. Discuss how your understanding of the balance sheet and income statement may be applied to your current or future position.