What are the efficiency ratios, and what do they measure? Why, for some firms, is the total asset tu

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What are the efficiency ratios, and what do they measure?  Why, for some firms, is the total asset turnover more important than the fixed asset turnover?

List the profitability ratios and explain how they are related.

List the leverage ratios and explain how they are related.

What are common-size, or standardized, financial statements, and how are they prepared.

Why does it make sense to standardize financial statements?

List three ways a financial manager can choose a benchmark?

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