In regard to financial statements, which item do you consider to be the most important in terms of judging or forecasting future economic performance, including bankruptcy, of a firm? What do you consider to be the biggest global risk potentially affecting company value or company performance for a large cap company? A small cap company? Which stocks would be most affected by this event occurring? How would the occurrence of this event influence bond prices and yields? U.S. Treasuries? Corporate bonds?

No copy paste answer - thank you!