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Which of the following is the main objective of a financial statement?

The following are the main objectives of the analysis and interpretation of financial statements:

  1. To estimate the earning capacity of the firm.
  2. To assess the financial position of the firm.
  3. To decide about the future prospects of the firm.
  4. To know the progress of the firm.
  5. To judge the solvency of the firm.
  6. To measure the efficiency of operations.
  7. To determine the debt capacity of the firm
  8. To assess the financial performance of the firm.
  9. To have a comparative study.
  10. To help in making future plans firm.