Question: The shorter the answer the better. Thank you! 2. How informed must the users of financial statements be in order to effectively utilize the information

The shorter the answer the better. Thank you!

2. How informed must the users of financial statements be in order to effectively utilize the information they contain? How is horizontal analysis different from vertical analysis? 3. Why is percentage analysis particular useful when analyzing financial statements? 4. How do liquidity ratios differ from solvency ratios?

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