Financial statement analysis focuses on one or more elements of a company's financial condition or performance. Which of the following best describes the evaluation of a company's performance using financial statement analysis? Multiple Choice Financial statement analysis reduces our reliance on hunches, guesses, and intuition; however, it does not lessen the need for expert judgment Financial statement analysis reduces our uncertainty in decision making as an external financial statement user and the need for expert judgment None of these choices are correct. Financial statement analysis reduces our reliance on hunches, guesses, and intuition and lessens the need for expert judgment Financial statement analysis provides us with an effective and systematic basis for asking questions, finding answers, and making business decisions without the need for assessing additional research on industry reports and management forecasts