Financial accounting and investment decisions (LO4). Suppose an individual is considering investing $50,000 in a pharmaceutical company that has been listed on a major stock exchange for several...

Financial accounting and investment decisions (LO4). Suppose an individual is considering investing $50,000 in a pharmaceutical company that has been listed on a major stock exchange for several years. The pharmaceutical company currently makes six drugs and is seeking approval for selling four additional drugs.

Required:

a. How could the company’s financial statements help this decision maker?

b. Other than the financial statements, what types of data would help the potential investor make a good decision? Classify these data as being financial/nonfinancial and discuss where an investor might obtain such information.