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What is the main purpose of accounting ratios?

Practice Questions

1 question
Q1
What is the main purpose of accounting ratios?
  1. To prepare journal entries
  2. To analyze financial performance
  3. To calculate tax liabilities
  4. To determine cash flow

Questions & Step-by-step Solutions

1 item
Q
Q: What is the main purpose of accounting ratios?
Solution: Accounting ratios are used to analyze financial performance and assess the financial health of a business.
Steps: 4

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