Choose the pair of correct statements from the following:(A) The only purpose of financial reporting is to keep the managers informed about the progress of operations.(B) Analysis of data provided in the financial statements is termed as financial analysis.(C) Long-term borrowings are analyzed to check the ability of a firm to discharge its obligations to pay interest and repay the principal amount.(D) Financial ratios reflect both quantitative and qualitative aspects of business performance. Choose the correct answer from the options given below:

Let's critique each statement:(A) is incorrect: Financial reporting serves a wide array of stakeholders including shareholders, creditors, taxing authorities, and the public, not just managers.(B) is correct: Financial analysis explicitly refers to parsing and simplifying information from financial reports to interpret trends.(C) is correct: Solvency or long-term borrowing analysis evaluates a firm's structural capacity to service scheduled interest expenses and repay principal debts.(D) is incorrect: Financial statements and monetary ratios are primarily limited to quantitative (financial) expressions and generally fail to directly incorporate qualitative aspects (e.g., employee morale, brand goodwill quality).Therefore, statements (B) and (C) form the correct pair.