Question: In financial statement analysis, what information is produced by computing a ratio that is not available in a simple observation of the underlying data? What

 In financial statement analysis, what information is produced by computing a

In financial statement analysis, what information is produced by computing a ratio that is not available in a simple observation of the underlying data? What is the basic purpose of classifications in financial statements? Identify the classifications widely used in a balance sheet, a multiple-step income statement, and a statement of cash flows

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