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It is often stated that anyone with a pencil can calculate

It is often stated that anyone with a pencil can calculate financial ratios, but it takes a brain to interpret them. What kinds of things should the analyst keep in mind when evaluating thefinancial statements of a given firm?It is often stated that anyone with a pencil can calculatefinancial ratios, but it takes a brain to interpret them. Whatkinds of things should the analyst keep in mind when evaluating thefinancial statements of a given firm?

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