The primary users of general-purpose financial statements are existing and potential investors, lenders and other creditors. Some questions that may be asked by investors and creditors about a company include the following.

Is the company earning a satisfactory profit?

How does the company compare in size and profitability with its competitors?

Will the company be able to pay its debts as they fall due?

Is the company paying regular dividends to its shareholders?

Discuss how general-purpose financial statements can be used to answer the above questions for users. (You need to refer to the suitable financial statement and section for each of the above questions).