Why do we need different tools for analyzing financial statements? Dont the numbers in the financial statements speak for themselves?
There are different tools for analyzing the financial statements of a company, such as horizontal analysis, vertical analysis, ratios for measuring financial health and profitability, and so forth. But before we begin using these tools, it is important to know the purpose of each tool.Q.1 Why do we need different tools for analyzing financial statements? Dont the numbers in the financial statements speak for themselves?1. Include in your post that you attended the live lecture2. provide a summary of your key takeaways from the lectureBook for referencesFinancial Accounting: Tools for Business Decision Making 9th Kimmel, Weygandt and Kieso2019 Wiley
