I know a company's profitability is tracked by both managers and shareholders, but how do these 2 parties decide what makes a company profitable? I'm sure it goes beyond financial reports, for at least the managers. They also have to worry about employee morale and the benefit of that, right.

Craig Jordan is the vice president of Finance for ABC Industries, Inc. At a recent finance meeting. Craig made the following statement: "The managers of a company should use the same information as the shareholders of the firm. When managers use the same information to guide their internal operations as shareholders use in evaluating their investments, the managers will be aligned with the stockholders' profit objectives." INSTRUCTIONS Prepare a one-half page memo to Craig discussing any concerns you might have with his statement