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Reference no: EM133005898

Problem 1: Financial analysts spend considerable effort to pick apart financial statements to draw conclusions about the prospects for various businesses. Understanding Financial statements is therefore very important in finance, because if you know how they are put together, it is a lot easier to take them apart. In addition, financial statements are the way that businesses communicate with each other and with investors. If you don't know how to read them, then you aren't able to communicate in business.

Reference no: EM133005898

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