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I need help in answering the below question for better understanding of the concept. 7. What do you understand about financial ratio analysis, what is

I need help in answering the below question for better understanding of the concept.

7. What do you understand about financial ratio analysis, what is it, and why is it so important in business.

8. A major responsibility of strategists is to ensure development of an effective external audit system. Why do you think this is so? Explain your opinion in this.

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