Unlimited Attempts Allowed Details Please provide answers to the following reflection and applications questions. You may submit your answers directly in Canvas or upload a MS Word file. 1. Much of this course focuses on using financial and operational ratios as a means of assessing a firm's financial performance and health. What other benefits do ratios provide management, financial statement users, and other interested stakeholders? What are some potential limitations associated with ratio analysis? 2. Describe the concept of financial leverage. How can financial leverage be useful to a firm and it's shareholders? Can financial leverage be a detriment to the same parties? 3. How can a firm have negative stockholders' equity and what are the potential causes? Is this a major concern in all instances? What challenges does this provide in attempting to prepare a financial analysis for a firm? What can be done to address these challenges?

Details Whit an be done to sddress these challerese