Accurate financial statements are a key component of ethical and successful businesses. For this assignment, you will answer questions about the
importance of using financial statements for measurement purposes.
Writing Prompt: Why is it so important to compare a firm’s financial statements with those of previous years, those of competitors, and the average of all
firms in the industry in which the firm operates?
Develop a response that includes examples and evidence to support your ideas, and which clearly communicates the required message to your audience.
Organize your response in a clear and logical manner as appropriate for the genre of writing. Use well-structured sentences, audience-appropriate language,
and correct conventions of standard American English.
Compose your answer in a separate Word document. Make sure to address all of the points in the writing prompt. Responses should be about 1-page long.