Discuss the purpose and importance of financial ratios and financial analysis. What are the limitations of financial ratio analysis?

Discuss the purpose and importance of financial ratios and financial analysis. What are the limitations of financial ratio analysis? If we divided the users of financial ratios, such as short-term lenders, long-term lenders, and stockholders, which ratios would each prefer and why? Please have examples. references and no more than 750. Please and thank you!!