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Besides, financial statements can be used as a roadmap on the business journey to economic success. Based on that understanding, managers can adopt appropriate strategies to improve the associated financial ratios and thereby improve the unit’s total productivity. Discusses the analysis that financial ratios have lots of attention in the accounting and financial literature. Bernstein L., Wild J., (2000). In addition the most important point of financial ratios is that every business must determine their own needs and obtain the best possible financial information so that their operations may be analyzed to whatever degree considered appropriate...
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Common topics in this essay:
- financial ratios
- Advantages and disadvantages of historical cost accounting, alternatives to historical cost accounting
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