Understanding Business
Understanding Business
13th Edition
ISBN: 9781264249527
Author: Nickels, William G.
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 17.4, Problem 12TP
Summary Introduction

To discuss: The primary purpose of performing ratio analysis using the firm’s financial statements.

Introduction: Financial statements refer to statements that describe the status of the entity’s assets, liabilities, capital, receipts, expenses and earnings.

Ratio analysis is the analysis of financial statement data for the purpose of evaluating the qualitative characteristics of the firm.

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