Long Chambers
07/02/2023 · Middle School
Ratio analysis is the only tool used in financial statement analysis to intorpres financial statememi - True False
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False. While ratio analysis is an important tool in financial statement analysis, it is not the only tool used. Other methods include trend analysis, common-size financial statements, and comparative financial statements, among others. Each of these tools provides different insights and can be used in conjunction to gain a comprehensive understanding of a company's financial health.
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False. Ratio analysis is important but not the only tool in financial statement analysis.
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