What are primary uses of financial information?

This only has to be an essay answer that was apart of my midterm. This is not a paper. If you have any questions please ask.

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Financial information exists in data forms such as ratings that indicate credit levels and account balances. In most cases, the information is used to assess credit, transact loans, make bills and most importantly make future decisions. One of the sources of financial information includes the balance sheet, income statement, statement of retained earnings, statement of changes of financial problems and the statement of cash flow. The balance sheet provides data about the status of the business regarding the date that appears in the sheet…

(350 words)