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Need the answers for questions number 1,2,6,8,9 as soon as possible please Critical Thinking 1. Why do firms disclose financial information? 2. Who reads financial

Need the answers for questions number 1,2,6,8,9 as soon as possible please image text in transcribed
Critical Thinking 1. Why do firms disclose financial information? 2. Who reads financial statements? List at least three different categories of people. For each category, provide an example of the type of information they might be interested in and discuss why? 3. What is the purpose of the balance sheet? 4. What is the purpose of the income statement? 5. How does the statement of cash flows differ from the income statement? 6. Can a firm with positive net income run out of cash? Explain. 7. How can you use the balance sheet to assess the health of a 8. How are the balance sheet and the income statement related? 9. What is the DuPont Identity and how can a financial manager use it? firm

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