Financial statements are a major source of information about a company. Forecasts, reports, and recommendations from analysts

Question:

are a major source of information about a company. Forecasts, reports, and recommendations from analysts are popular alternative sources of information.

Required:
a. Discuss the strengths of financial statement information for business decision makers.
b. Discuss the strengths of analyst forecast information for business decision makers.
c. Discuss how the two information sources in (a) and (b) are interrelated.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...