Final answer:
Information about an entity's economic resources and claims can help users assess its financial health and performance.
Step-by-step explanation:
The nature and amounts of an entity's economic resources and claims can help users to assess their financial health and performance. By understanding the assets, liabilities, and equity of an entity, users can evaluate its ability to generate profits, repay debts, and grow sustainably. This information is crucial for investors, creditors, and other stakeholders in making informed decisions about their involvement with the entity.