Question: Why is it better to request a profit and loss statement that has at least three years of data? Select the best option. • a. A profit and loss statement that covers at least three years is easier to analyze. • b. A profit and loss statement that covers one to two years identifies most historical trends. • c. A profit and loss statement that covers only one year is difficult to obtain for underwriters. • d. A profit and loss statement that covers at least three years gives a more complete picture of financial condition.