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Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

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BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

Of the three financial ratios discussed in this chapter, which do you think is the most important financial ratio? Why?

Summary Introduction

To determine: The most important financial ratio.

Introduction: Financial ratios include the correlation of different figures from the financial statements keeping in mind the end goal to pick up data about an organization's performance. It is the understanding, as before the estimation, that makes financial ratios a valuable instrument for business managers.

Explanation

The most important financial ratio is as follows:

The profitability ratio is the most imperative since it evaluates the company's capacity to produce revenues...

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