Question

Define the advantage of financial statement ?​

Answer 1

Answer:

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Financial ratio analysis simplifies a company's financial statements and allows us to express critical profitability and financial position information in just a few numbers. For example, net profit margin encapsulates the net effect of a company's revenues and all expenses.

Answer 2

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Those five types of financial statements including income statement, statement of financial position, statement of change in equity, statement of cash flow, and the Noted (disclosure) to financial statements.