Financial statement analysis is crucial for management, investors, and creditors as it facilitates informed decision-making and assesses a company's financial health. Key information to consider when evaluating a corporation includes profitability, liquidity, and cash flow, as these factors impact investment potential and risk management. Suggested analytical tools include ratio analysis and trend analysis, which provide insights into the company's performance relative to past results and industry standards.

1. Evaluate at least (2) factors that make financial statement
analysis essential to management, investors, and creditors.
Provide a rationale for your response.
Imagine you are considering investing in a corporation.
Examine the key information you would look for in a company’s
financial statements and explain why this information would be
important to you. Suggest at least two (2) financial statement
analysis tools you would use to evaluate this company’s
financial statements. Provide a rationale for your suggestions.