I need a participation answer to the below post. the original DQ is How do you plan to use financial statements in your projected financial statement analysis? Provide rationale for your approach.

Your opening statement of financial statement analysis is accuratequestion: how important are the cash flow statements the balance sheet, income statement? What happens when you may not have access to this data or this data consistently? What would you do? One important fact to remember, if you do not have a lot of data, focus on similar companies inside the industry. Most young companies focus on themselves, not even bothering to look at the industry around them...however, it is central for all companies to evaluate their worthto determine their value against others in the same industryTo do that, you need to ensure you have the appropriate data (yours, a competitor, etc) and then conduct an analysis to determine the use of that data.