Analyze the importance and impact of financial managers being able to understand financial statements. Provide the rationale behind your analysis. Imagine that you are starting a business. Determine the tax considerations that might result in you setting the business up as a proprietorship or a partnership, rather than a corporation. Provide a rationale for your decision.
From the e-Activity, determine why it is sometimes misleading to compare a company's financial ratios with those of other firms that operate within the same industry. Support your response with one example from your research. From the scenario, determine two strategies that TFC could utilize to reach its expansion goals. You may, for example, consider your analysis of TFC's financial statements, as well as your knowledge of TFC's excessive cash position. Provide a rationale for your response.