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Give one word/term/ phrase for the following statementCritical evaluation of financial statement to measure profitability. |
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Answer» Analysis of financial statement Explanation: It is the process of analysing the business results and the efficiency of the business via various tools. Analysis of financial statement provides an insight into the efficiency with which a business is operating, what is the profitability and what is the present financial position of the business. It facilitates comparison of business results of different firms and over the years. |
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