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    Contemporary Business Study Set 2
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    Exam 15: Understanding Accounting and Financial Statements
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    Briefly Explain the Purpose of Financial Ratios and Each of Its
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Briefly Explain the Purpose of Financial Ratios and Each of Its

Question 72

Question 72

Essay

Briefly explain the purpose of financial ratios and each of its four categories as well as the major ratios used in each category.

Correct Answer:

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Financial ratios are used by managers to...

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