12. Describe how foreign firms differ from U.S. firms, and identify factors that affect financial decisions in multinational firms. 1b. Differentiate and compare among the information that is provided in each of the following financial statements: (1) balance sheet, (2) income statement, and (3) statement of cash flows. In addition, explain how the firm's stakeholders use such information. 1c. Describe how ratio analysis should be conducted and why the results of such an analysis are important to both managers and investors. 1d. Discuss some of the limitations associated with performing ratio (financial statement) analysis. What is the most important ingredient (input) in completing ratio analysis? Explain why