The term " financial analysis" also known as analysis interpretatin of financial statements refers to the process fo determining financial strengths and weakness of the firm by establishing stategic relationship betweent he items of the balance sheet, profit and loss account and other operative data.
"Financial Statement analysis is largely a study the relationship among the various financial factors in business as discovered by a single set of statements and a study of the trend of these factors as shown in a series of statements" --- Mysers.
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