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This offers you details about how to evaluate the way a company is shifting. The financial statements are supplied for a certain period of time and submitted on a particular date. The cash flow assertion give you the results for your working and non running intervals though the stability sheet offers the economical status at the conclusion of the economic expression. Because managers are keen to understand whether the small business is progressing in a good or unfavorable fashion, there has to be a comparison in between the figures of the present yr and previous decades. To permit you to make this kind of comparison, a comparative Evaluation of economic statements is required.

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