1) "If a product is generating a loss, then it should be discontinued." Do you agree? Explain and give an example. (300 words or more)

2a) Explain with examples how these three users (investor, manager and creditor) analyze financial statements and how they use it. If you were one of the three users, what statement(s) entry or entries, and ratios would you observe more critically and what would you be looking for in your analysis?

2b) If you were to analyze a grocery chain and insurance company, you would calculate all the ratios for each company. Why would the inventory turnover ratio be more important when analyzing a grocery chain than an insurance company? (300 words or more)