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What is financial ratio analysis why is it essential for a

Discussion: Non-Finance

Answer the following in at least 100 words:

What is financial ratio analysis? Why is it essential for a business to compute various solvency, liquidity and profitability ratios?

Resources:

Ross, S.A., Westerfield, R.W., & Jordan, B.D. (2016). Fundamentals of corporate finance (11th ed.).

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