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Consider the basic financial statements. Imagine yourself in the position of a prospective lender to a corporation. Describe briefly how you would use each statement
Consider the basic financial statements. Imagine yourself in the position of a prospective lender to a corporation. Describe briefly how you would use each statement in evaluating whether or not to lend the company money, how much to lend, and the interest rate. Which statement would you consider the most important? Why?
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