$9-$ General$-$purpose financial statements include the $(1)$ income statement, $(2)$ balance

sheet, $(3)$ statement of stockholders' equity $($or statement of retained earnings$),(4)$

statement of cash flows, and $(5)$ notes to these statements.

True false

$10-$ Financial analysis only refers to the communication of relevant financial information to

decision makers.

True false

$11-$ A company's board of directors analyzes financial statements to assess future company

prospects for making operating decisions.

True false

$12-$ The building blocks of financial statement analysis include $(1)$ liquidity, $(2)$ solvency, $(3)$

profitability, and $(4)$ market prospects.

True false

$13-$ Profitability is the ability to generate positive market expectations.

True false

$14-$ The evaluation of company performance and financial condition includes evaluation of $($I$)$

past and current performance, $(2)$ current financial position, and $(3)$ future performance

and risk.

True false

$15-$ Market prospects are the ability to generate positive market expectations.

True false

$16-$ Measures taken from a selected competitor or a group of competitors are often excellent

standards of comparison for analysis.

True false

$17-$ Profitability is the ability to generate future revenues and meet long$-$term obligations.

performance $.$

True False