Financial statement analysis is the process of reviewing and analyzing a company's financial statements to make better economic decisions to earn income in future. Students are required to:

1. Explain the purpose of financial statement analysis for both external and internal users. 

2. Identify and describe three common tools of financial statement analysis. 

Note:

Students are required to reply to at least two-peer discussion question and post answers to this discussion as support your answers using peer-reviewed references in supporting your answer.