I'm not following how that has anything to do with what I said. Profit and loss are values calculated from other financials, not a starting point for them. Al

I'm not following how that has anything to do with what I said. Profit and loss are values calculated from other financials, not a starting point for them. Also, what? Net assets = assets - liabilities. That's it. Profit has nothing to do with it unless you're trying to say that after you account for profits and don't spend them on anything else your assets will be increased. Maybe you're referring to something related to Return on Net Assets?