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When calculating a ratio with numbers from the balance sheet and income statement, one must use the ending balance for the categories from the balance
When calculating a ratio with numbers from the balance sheet and income statement, one must use the ending balance for the categories from the balance sheet rather than the average balance.
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Fundamental Managerial Accounting Concepts
Authors: Edmonds, Tsay, olds
6th Edition
71220720, 78110890, 9780071220729, 978-0078110894
