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...Limitations of financial statements for analysis historical accounting policy gaap inputs comparability constrains measurement theory business is not sufficiently strong to give us absolute standard most ratios we benchmark with relative comparisons industry average comparison trend the exception finance and returns always a market opportunity cost an can be calculated in different ways by analysts are at best complete ebitda margin net operating sales measure profitability per invested capital investment expenditure entire ic definitions definition total amount expended asset holders firm into assets bank indebtedness other s t debt dividends payable current portion l deferred tax preferred shares shared retained earnings...