Question: We have covered several ratios in this unit that users of financial statements can work with to evaluate a company's performance. However, not all ratios

We have covered several ratios in this unit that users of financial statements can work with to evaluate a company's performance. However, not all ratios are important for or applicable to all organizations. In particular, service organizations have different business models than manufacturing organizations. Using a manufacturing company, explain which financial ratios would be applicable to the company and which would not. State the reasons for your assertions.

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