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What information can be gained by comparative analysis of the Income Statement, Balance Sheet, Statement of Cash Flows, Purchase Order Reports, or A/P or A/R

What information can be gained by comparative analysis of the Income Statement, Balance Sheet, Statement of Cash Flows, Purchase Order Reports, or A/P or A/R Aging Reports? How can this information be used to manage the daily/weekly/monthly/yearly operations of a business? How often should you check/verify your reports against another period in the past? Does past performance dictate future expectations? Explain

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