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Explain the reasons for using ratios as a means of explaining accounting information?
Wiki User
∙ 14y ago
Explain the reasons for using ratios as a means of explaining accounting information.
Wiki User
∙ 14y ago
Ratios are used in accounting to provide a comparative analysis of financial data. They allow for easy interpretation and comparison of numbers across different time periods or between companies. Ratios also help identify trends, assess financial health, and identify areas of strength or weakness within a company. Overall, ratios provide a simplified way of conveying complex financial information.
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