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Finance text books normally discusses many different financial ratios. Such as liquidity ratios and the rest. What is their purpose? Can any ratio or combination

Finance text books normally discusses many different financial ratios. Such as liquidity ratios and the rest. What is their purpose? Can any ratio or combination of ratios predict a company's long-term viability? Can you think of an example whereby one ratio incorrectly looks "good" only because another ratio is "bad"?

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