Address all of the question prompts below. Support your responses with appropriate evidence from your course textbook and/or credible information from the Internet. Your paper should be between 2 and 3 pages long, excluding the title page and references page.
Tasks:
- List each of the key financial statements and identify the kinds of information they provide to corporate managers and investors.
- Discuss the five groups of ratios and summarize each ratio’s relationship to the balance sheet and income statement.
- Explain why ratios fluctuate over time and why they should be used with care.