In my opinion, balance sheet is very useful for the owner or stakeholders to analyze the company position from Asset, Liabilities, and Owner’s Equity as of a point in time. Also you can cross check whether Asset balances with Liabilities and Owner’s Equity, if not you would know that it has something mistake so you have to recheck your statement again to find out what is a cause. You will know how your business going by using this financial statement. Moreover, the owner can be Analyze the current financial situation compares to last year, for example comparing inventory between this year and last year, I assume that the inventory of this year is higher than last year, and a cause is unsold then we have to consider a cause and later on find a solution to decrease inventory. Therefore, what we will see in financial statement is overall picture of a business by analysis balance sheet and improves or figures out to help a business keep going.