Please, write a discussion post about the topic in the attachment. See more instruction in the attached file as well. Thank you.

Topic/Statement: Financial statement analysis is one important step in business analysis. Business analysis is the process of evaluating a company’s economic prospects and risks. This includes analyzing a company’s business environment, its strategies, and its financial position and performance.
Please, explain why financial statements are important to the decision-making process in financial analysis. Also, identify and discuss some of their limitations for analysis purposes.
The business results depend on the decision taken by top authorities under various circumstances. For making a decision, the top authorities required the financial data so that financial strength and weakness of the entity can be known by establishing proper relationship between the different items of the...