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Identify the key financial statements

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Question - Your best friend Andy asked you to invest in his business. In 2019, he founded a company that provides cleaning and disinfection services for offices and homes. Sales were sluggish during his work from home period, which was offset by increased demand for deep cleaning services from homeowners.

You asked him for the latest annual financial statements. But he cites the flaws and limitations of financial statements and asks them not to focus too much on finances.

Identify the key financial statements. Explain the information contained in each financial statement and how it can help you make investment decisions.

Reference no: EM133138645

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