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1. Create a table that lists each type of financial statements – income<br />
statement, balance sheet, cash flow statement <strong>and</strong> statement of equity<br />
under Column.<br />
2. Add two columns. Column 2 should be labeled "Purpose" <strong>and</strong><br />
Column 3 should be labeled "Users".<br />
3. Complete the table. Under Column 2 explain the purpose <strong>and</strong><br />
content of each statement. Under Column 3 list the users of each <strong>and</strong><br />
explain how they would use such statements.<br />
4. Click the Assignment Files tab to submit your assignment.<br />
Read More Courses Here.………… <strong>ACC</strong> <strong>561</strong> Week 1 DQ 1 | <strong>ACC</strong> <strong>561</strong><br />
Week 1 DQ 2 | <strong>ACC</strong> <strong>561</strong> Week 1 Quiz | <strong>ACC</strong> <strong>561</strong> Week 1 WileyPLUS<br />
Assignment | <strong>ACC</strong> <strong>561</strong> Week 1 Financial Statement Review | <strong>ACC</strong> <strong>561</strong><br />
Week 2 DQ 1<br />
<strong>ACC</strong> <strong>561</strong> Week 2 Complete<br />
DQ 1.Last week we discussed how different stakeholders (managers,<br />
investors, lenders, public) use financial statements. This week we will<br />
focus on financial ratios. Do you believe some ratios (solvency,<br />
profitability, liquidity) are more relevant to some stakeholders? Would<br />
you expect other groups such as vendors or clients to use the ratios as<br />
well?