Financial statements contains full detailed information about all the finances in a company,the way the finance of a company is managed says alot of things about
their performance and that is why a company that is not performing well will definitely have financial problem now or in the future...that is why a financial statement
will definitely make someone to be aware of the
financial capability of the company and the information can be used to know if a company has good
performance or if they have bad performance...but
because a company has bad performance today do not mean they cannot perform well in the future...