11-1B Financial decisions often depend more on one type of financial statement than others. Ident Consider the following independent, hypothetical situations: 1. The Backroads Company is considering changing to a new supplier for its hiking boots. 2. A labour union is preparing for contract negotiations and wonders if it should ask the company for improved employee benefits. 3. The Caisse d'conomie Base Montral is thinking about extending a loan to a small company. The company would be required to make interest payments at the end of each year for five years, and to repay the loan at the end of the fifth year. Instructions In each situation, state whether the individual making the decision would depend mostly on information in the income statement, balance sheet, or cash flow statement. Briefly justify your choice