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You overhear your coworker say that only the balance sheet and income statement are needed to evaluate a firm's financial health. Do you agree with this assessment? Why, or why no​

User DrMeers
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Answer:

I do not agree.

Step-by-step explanation:

The financial health of a company involves more elements than the balance sheet and the statement of results.

For the success or failure of a company to be truly evaluated, it is necessary that in addition to the factors shown above, it is necessary to analyze: the company's profitability in relation to its fixed and variable costs, the level of indebtedness, the balance point between demand and supply and gross and net profit.

User Melicent
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