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Understanding the financial condition of the company

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Reference no: EM133035443

Three tools for analyzing the current condition of a company are income statement, balance sheet, and statement of cash flows. What does each of these tools tell you about the company? Why is each of these tools important for management to use to monitor the current condition of the company?

What do these tools not tell you? How would financial ratios help in understanding the financial condition of the company?

Reference no: EM133035443

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