Instruction: Every business is unique Businesses in one industry operate in a manner different from those in other industries. Startups are managed differently from mature businesses. Small businesses face different constraints from those of big corporations. In this activity discussion, you are asked to combine what is covered in Chapters 4 and 5 with additional internet search to answer these questions: 1. For retail businesses such as department stores and grocery stores, What financial accounts (out of balance sheet income statement, and cash flow statement) are the most important to the survival of the business? List the top 2 important ones and explain why the performance of these accounts are so vital than other accounts? What financial ratios should these businesses monitor diligently to ensure its survival in competitive business environment? List the top 2 important ones and explain why they are more important than other ratios What about the top 1 key financial account or financial ratio that could determine the success of the business? Why? Is your answer for this question the same as the previous ones? Why