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1. Explain the usefulness of the balance sheet to financial statement users. What financial metrics is the balance sheet constructed to measure? Explain the shortcomings

image text in transcribed 1. Explain the usefulness of the balance sheet to financial statement users. What financial metrics is the balance sheet constructed to measure? Explain the shortcomings of the balance sheet? 2. Describe the difference between liquidity and solvency. Describe the concept of capital structure. example, you might explain why the value is more relevant from an investor perspective or considering the operations of the company)

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