What would be the advantages of reviewing a balance sheet in addition to the P&L?

Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter16: Financial Statements And Closing Entries For A Corporation
Section16.3: Preparing A Balance Sheet
Problem 5AYU
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What would be the advantages of reviewing a balance sheet in addition to the P&L? 
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