As a potential investor in a firm or perhaps the buyer of a particular business, would it be advisable for you to evaluate the companys financial statements? Why or why not?

As a potential investor in a firm or perhaps the buyer of a particular business, would it be advisable for you to evaluate the companys financial statements? Why or why not? What key information would you seek from a firms financial statements?
In the term of business, financial statements play an important role. It provides real statistics about the firm. The company law of each country and company registrar forces the management of an organization to use fact in the preparation of financial statements. Therefore generally businessman, investors, or individuals uses it to get information about the organization