In your own words, answer the following questions. Your responses should be thorough, thoughtful, and concise. (Hint: Real-world examples and/or hypothetical scenarios are a great way to show you understand these concepts.) 1) Why are financial statements important? 2) When would you use a time-series analysis? 3) When would you use a cross-sectional analysis? 4) When would you use a cause-of-change analysis? 5) When would you use a common-size analysis