Explain why is gaining an understanding of the industry

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Problem 1: Why is gaining an understanding of the industry and type of business an important starting point for financial statement analysis?

Problem 2: Calculate three of the listed ratios under each of the following categories: "Measures of short-term liquidity" and "Measures of profitability." Show your work in calculating these ratios. Give a brief statement describing what you have learned about your company's liquidity and profitability.

Problem 3: Why do you think the Internet has become such a widely used source of financial information by investors and creditors?

Reference no: EM132740673

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