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Assume the shoes of an investor (or potential investor) in XYZ Company. Use headings to clearly demarcate your responses to parts A, B, and C.

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Assume the shoes of an investor (or potential investor) in XYZ Company. Use headings to clearly demarcate your responses to parts A, B, and C. A. Required - What is the usefulness of the balance sheet to you? What important aspects of XYZ Company can you analyze with balance sheet information? To receive full points, your answer must include at least two of the main aspects we discussed in class. B. Required - Describe at least three distinct key limitations of the balance sheet in terms of usefulness to investors. C. Required - Provide the overall purpose of external financial reporting to investors that we highlighted on the first day of class (hint: your answer should reference cash flows.) Then describe with some specifics how the disclosures in the balance sheet and notes to the financials related to debt can help fulfill this purpose

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