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Answer to Question #63088 in Finance for Abdul

Question #63088
What is the Purpose of Analyzing financial statements in a company? (8 marks)
1
Expert's answer
2016-11-03T15:33:08-0400
The purpose of the financial statements is to provide information about the results of operations, financial position, and cash flows of an organization. This information is used by the readers of financial statements to make decisions regarding the allocation of resources.

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