what importance of Profit -Volume ratio tell in long pls
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Profitability ratios are financial metrics used by analysts and investors to measure and evaluate the ability of a company to generate income (profit) relative to revenue, balance sheet assets. ... The ratios are most useful when they are analyzed in comparison to similar companies or compared to previous periods
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The advantage of profit volume ratio are that it can be used to measure profitability of each product or group of them separately
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