Which of the following statements about financial condition analysis is(are) most correct?
a. Financial condition analysis focuses on whether an organization has the financial capacity to accomplish its mission.
b. Financial condition analysis often results in a list of financial strengths and weaknesses.
c. Financial statement analysis uses data contained in an organization’s financial statements to assess financial condition.
d. Operating analysis uses operating data to explain financial condition.
e. All of the above statements are correct.