Describe the basic financial information that is produced by corporations and explain how the firm’s stakeholders use such information.

1.Describe the basic financial information that is produced by corporations and explain how the firm’s stakeholders use such information.

2.Describe the financial statements corporations publish and the information each statement provides.3

.3Describe how ratio analysis should be conducted and why the results of such an analysis are important to both managers and investors.

4.Discuss potential problems (caveats) associated with financial statement analysis.

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