1) What are the basic components of a balance sheet, what do they tell us? What are the basic components of an income statement?  What are the components of cash flow?2) What are the some of the limitation of accounting data?3)What do you feel are the best ratios to used that are covered in this chapter? Why? How would you use them?4)What is the difference between cross sectional and time series analysis? 250 words

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