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Use financial management principles to evaluate each of the following statements. (a) Financial statements do not need to be analyzed because the numbers speak for

Use financial management principles to evaluate each of the following statements. (a) Financial statements do not need to be analyzed because the numbers speak for themselves. (b) Some of the most important determinants of a firm's future profitability are not accurately measured by the accounting measures in a firm's financial statements. (c) Financial accounting techniques can be used by financial managers to improve the financial picture presented by their financial statements.

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