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Respond to the following questions thoroughly, in 150-300 words for each question. Use your textbook as your first and major reference.

Ratio analysis involves calculations that use the data from the financial statements to evaluate the performance of companies in different key areas. How would this information be used by a credit analyst as compared to someone is going to make an investment decision?

Of what significance is the DuPont system in the analysis of a firm's financial position? How is the DuPont system used when evaluating a firm?

What recent government regulations have helped or hindered a firm's ability to conduct its normal course of business, especially in the area of reporting requirements?

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