1. . 2. A 3. Providing information about the performance and financial position of companies so that users can make economic decisions best describes the role of A. auditing. B. financial reporting. C. financial statement analysis. Which of the following best describes the role of financial statement analysis? To provide information about a company's performance. B. To provide information about a company's changes in financial position. C. To form expectations about a company's future performance and financial position. The role of financial statement analysis is best described as: A providing information useful for making investment decisions. B. evaluating a company for the purpose of making economic decisions. C. using financial reports prepared by analysts to make economic decisions. A company's financial position would best be evaluated using the: A. balance sheet. B. income statement. C. statement of cash flows. A company's profitability for a period would best be evaluated using the: A. balance sheet. B. income statement. C. statement of cash flows. 4. 5