business law and finance discussion post

For this week's discussion, post a response to the following:

1. When you make specific purchases, you may receive information on a warranty. Why is it suggested that we fully read any and all warranties before we make a purchase? Have you ever purchased something then found it to be defective? If so, discuss how you handled the process to ensure you received a replacement…or did you?

2. From an external investor's perspective, is a firm's income statement, balance sheet or statement of cash flows most important for determining a firm's overall financial health? Would your answer differ if you were an internal manager of the firm? Explain.