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Questions and Answers
What is the 3C-statement method used for in financial analysis?
What is the 3C-statement method used for in financial analysis?
- Preparing financial statements
- Predicting future trends
- Comparing with industry norms
- Understanding financial performance (correct)
What is the purpose of preparing financial statements for financial management?
What is the purpose of preparing financial statements for financial management?
- Comparing with similar firms
- Determining trends in profitability
- Predictions and decision making
- Evaluating the health of a firm (correct)
What is the application of financial ratios in financial analysis?
What is the application of financial ratios in financial analysis?
- Evaluating the health of a firm
- Predicting future trends
- Determining if a firm is profitable (correct)
- Comparing with industry norms
What is the primary purpose of budgeting in financial planning and control?
What is the primary purpose of budgeting in financial planning and control?
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Why do financial managers use information from past and present?
Why do financial managers use information from past and present?
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