Rephase the following terms: Financial Statement Definition: A written record that conveys the business activities and financial performance of a company. How this is used: Financial analysts use financial statements to assess the financial health of a company, evaluate performance, and make recommendations for improvements or investments. Liquidity Definition: The ability of a company to meet its short-term obligations using its current assets. How this is used: Financial analysts assess a company's liquidity to ensure it has sufficient cash flow to meet immediate expenses and liabilities, which is crucial for maintaining operations and solvency. Working Capital Definition: The difference between a company's current assets and current liabilities. How this is used: Analysts use working capital to evaluate the company's operational efficiency and short-term financial health. Adequate working capital indicates a company can fund its day-to-day operations. Diversification Definition: The practice of spreading investments across various financial instruments, industries, or other categories to reduce risk. How this is used: Financial analysts recommend diversification to minimize risk and protect against significant losses from a single investment or sector. Time Value of Money Definition: The concept that money available today is worth more than