Discussion Topic:

You've looked at financial statements and might have found yourself thinking, "this is not something a normal person does; businesses, yes, individuals, no."However, the information that surfaces from an overview of your financial standing (which is what financial statements provide) are in fact used in many personal situations.

Consider this, then share with the class a situation where you can see another person or business being interested in some of the information/ratios that can be obtained from a financial statement, and how that information can help or hurt you.