Why should an individual learn to read and interpret financial statements?

(a) Understanding financial statements will guarantee at least a 20% return on investments.

(b) An individual need not learn to read and interpret financial statements because auditors offer a report indicating whether the company is financially sound or not.

(c) Learning to read and interpret financial statements will enable individuals to gain employment.

(d) Individuals cannot necessarily rely on auditors and management of firms to offer honest information about the financial well-being of firms.