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Ratios are used as tools in financial analysis instead of horizontal and vertical analyses because even single ratios by themselves are quite meaningful because they
Ratios are used as tools in financial analysis instead of horizontal and vertical analyses because even single ratios by themselves are quite meaningful because they are prescribed by GAAP because they can provide information that may not be apparent from inspection of the individual components of the financial statements Question 21 Which one of the following is not a tool in financial statement analysis? Horizontal analysis Ratio analysis Circular analysis Vertical analysis 3 pts
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