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The process of Financial Management presents the steps taken during the preparation of creating the financial statements. The first step is the preparation of the

The process of Financial Management presents the steps taken during the preparation of creating the financial statements. The first step is the preparation of the historical activity to show what the company has done. The final step is the outgoing analysis including financial ratios. What are the middle two steps? A. Forecasts, and proforma statements B. A retrospective analysis, and an introspective analysis C. Past expenses and future income expectations D. Past income and future capital expenditures

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