Question: Typically, ratio analysis involves the use of accounting data as reported. Since accountants have choices when preparing financial statements, the data presented could look different

Typically, ratio analysis involves the use of accounting data as reported. Since accountants have choices when preparing financial statements, the data presented could look different if different c _____ had been made. To evaluate the q _____ of a company’s earnings, analysts often make adjustments to the reported numbers. This does not mean that the reported numbers are incorrect!

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