Ratio analysis is a useful managerial tool that can help business owners maintain financial control over their businesses, but it is of no use to a business owner trying to obtain a bank loan.

Question

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Ratio analysis can also be useful for business owners trying to obtain a bank loan, as it provides insight into the financial health and stability of the business, which can help lenders assess the level of risk associated with the loan.

Ratio Analysis Is a Useful Managerial Tool That Can Help