Respond to the following questions thoroughly, in 150-300 words for each question. Use your textbook as your first and major reference.
- There are several different groups that use financial ratio analysis. Who are these groups and what are the primary concerns of each?
- It has been said that a balance sheet is a snapshot of the firm at some point in time. What does this mean? How does it differ from what the income statement is showing?
- What is the primary objective of the financial manager? Explain your answers.