Question: Go to chapter 14. Select 3 ratios and explain their importance. In addition, with those ratios, write/list the 10 steps in the accounting cycle. Three

Go to chapter 14. Select 3 ratios and explain their importance. In addition, with those ratios, write/list the 10 steps in the accounting cycle.

Three Ratios I chose are:

-Fixed Assets to long Term Liability Ratio

-The ratio of Labilities to Stockholders Equity

-Asset Turnover Ratio

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