Comparing a firms financial statements


Assignment:

Q1. Why is it so important to compare a firm’s current financial statements with those of previous years, those of competitors, and the average of all firms in the industry in which the firm operates?

Q2. Which do you think are the two or three most important financial ratios? Why?

Your answer must be typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.

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Accounting Basics: Comparing a firms financial statements
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