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Topic 8 DQ 1 .docx - What could a financial manager look at...

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What could a financial manager look at to determine whether his company is successful or indistress? Give an example of success or distress in today's business world.The main role of financial manager is to increase the shareholder’s wealth, and also to seewhether a company is doing a successful job or not. Financial managers can use the number offinancial ratios to see the company’s success or the distress level and can also see the company’sfinancial statements through which the net profit/loss and financial position of the company canbe identified.“There are many early warning signs that indicate that a company is experiencing problems.Being aware of these signals can help prevent losses. If a company is in trouble, odds are thatyou'll see red flags in its financial statements. At the same time, watch out for changes in itsmanagement activities and operations.” (McClure, 2021)Some of the ratios through which a financial, managers can identify the level of success/distress

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Term
Summer
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Tags
Financial Ratio, McClure

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