Financial Statements Are Helpful to Predict the Future Performance of a Company

Financial statements are helpful to predict the future performance of a company for all of the following reasons except:

A) past performance is often a good indicator of future performance
B) financial statements are required to give formal projections of management's assessment of the next period's financial results
C) the evaluation of management's past performance gives clues to its ability to generate future returns
D) the assets and liabilities of a company provide clues to a company's future prospects