A major purpose of is to help managers evaluate the financial condition and the operating performance of the firm.

It seems like your question is incomplete. However, based on the context, it appears you're asking about the purpose of financial analysis or financial reporting.

Financial analysis or financial reporting serves several purposes:

1. Evaluation of Current Performance: Managers use financial reports to assess the current performance of the firm. This involves comparing current data with past data to identify any changes and trends.

2. Prediction of Future Performance: Financial reports can also help predict the future performance of the firm. By analyzing trends in revenue, expenses, and net income, managers can make forecasts about future profitability.

3. Assessment of Financial Health: Financial reports provide important information about the financial health of the firm. This includes information about the firm's assets, liabilities, equity, income, and