Where can we obtain industry norms

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Question: 1. Discuss briefly the two perspectives that can be taken when performing a ratio analysis.

2. Where can we obtain industry norms?

3.What is the approach by which we can effectively interpret a firm's financial ratios

4. What cautionary step should be taken when standards (norms) are used to interpret a firm's financial ratios? Discuss briefly.

5. What is liquidity, and what is the rationale for its measurement?

6. Distinguish between a firm's operating return on assets and its operating profit margin.

Reference no: EM131487986

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