The Balance Sheet Provides Information Concerning Liquidity,financial Flexibility,and Information for Calculating
Essay
The balance sheet provides information concerning liquidity,financial flexibility,and information for calculating various financial ratios.The balance sheet serves as a major indicator of an enterprise's ability to survive.Nevertheless,the analysis of the balance sheet should be approached with a clear understanding of the limitations of the statement.
What are the major limitations of the balance sheet that should be recognized in analyzing the statement?
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