All of the following are useful purposes of pro forma financial statements EXCEPT A) They provide a useful tool for analyzing the effects of a firm's forecasts on its financial Q35 performance. B) They satisfy the SEC requirement for audited financial statements C) They can be used to control or monitor a firm's progress for a planning period. D) They serve as a benchmark to compare actual results to planned activities. In the Cancer Magnetics Case where the investors offered a Series A investment of $ pre-money valuation of $5m, the three founders suffered a significant dilution from their original 100% ownership, why would they take the $10m? A) They wanted to give control over to the investors B) They needed the funds to build their business C) The value of their ownership went up significanthy D) B and C 036 10m with a