Canadian Pacific Railway Ltd.announced that it would invest $1.2 billion in order to improve its operating ratio.This is an example of a financial plan.

Name: Canadian Pacific Railway Ltd.announced that it would invest $1.2 billion in order to improve its operating ratio.This is an example of a financial plan.
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Question

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A financial plan outlines how a company intends to allocate its resources, such as investments, to achieve specific financial goals, like improving its operating ratio.