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Select one of the financial ratios listed in Chapter 3( i will upload ch 3) . Write the formula for calculating it, and then answer the following questions: 1 explain how it is useful in analyzing the financial health of the firm.
2 How would you use the ratio as the manager of the firm? 3 How would you assess whether it is at an appropriate level or if it should be improved, and if so, how would you improve it?
4 Can you use the same ratio, or something very similar, to assess your own personal financial health? If so, explain.