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You can analyze un-audited financial statements, buy you have to keep in mind that your ratio analysis, vertical analysis, and comparative analysis may be (probably are) inaccurate as to the companies 'real' financial position. You'd have to take any un-audited analysis results with a grain of salt. If you're buying a business, the seller should pay for the audit, or make sure there has been an audit of the statements in the past 2-3 years atleast so you can work with something real.

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16y ago

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