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UVA-C-2235
International Ratios Tell A Story—2005

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UVA-C-2235

INTERNATIONAL RATIOS TELL A STORY: 2005
An income statement conveys the results of operations of a company for a particular period of time, whereas a corporate balance sheet depicts the financial position of a company at a specific point in time. Across companies and across countries, financial results reported in those two primary financial statements may vary for a number of reasons. One main reason for the variation is due to the characteristics of the industries in