Why is it important to know the different types of financial statements Briefly

Why is it important to know the different types of

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4. Why is it important to know the different types of financial statements? Briefly describethe two main financial statements used for financial ratio analysis.
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5. How important is the "should cost" analysis when outsourcing a requirement that is nota core competency of your business? Explain the types of costs associated with the "shouldcost" analysis. 2014).
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