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Unit 5.5: Short answer questions on analysis of financial documents

Q1Fill in the gapsThe ____________________ performance of a business can be assessed by calculating ___________ such as the gross and __________ profit ________________. Both of these ratios are expressed as a ________________ and the higher the percentage the _____________ the financial performance of the business. Once calculated, these ratios can be ____________________ to those of ___________ years and competitors.

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