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Chapter 11

Granof-5e

Chapter 11

Granof-5e

Financial Indicators

There are no reliable ‘rules of thumb.’

Governments account for operations in different ways.  So, some ratios may not be directly comparable.

Whether a lower or higher ratio is preferred is not always clear.

Higher or lower ratio depends upon the stage of maturity.

Ratios are no better than the underlying numbers.

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