Explain financial statements

Reference no: EM131290482

1. Financial ratios are used extensively in annual reports to interpret and explain financial statements. Comment.

2. List the sections of annual reports where ratios are most frequently located, in order of use.

3. According to a study of annual reports reviewed in this chapter, what type or types of financial ratios are most likely to be included in annual reports? Speculate on the probable reason for these ratios appearing in annual reports.

Reference no: EM131290482

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