Explain the purpose of income statements, balance sheets, statement of changes in net worth and the statement of cash flows.

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Discussion Board #4 5050 unread replies.5050 replies. Discussion Board #4: Reporting and Measuring Financial Performance 1.Explain the purpose of income statements, balance sheets, statement of changes in net worth and the statement of cash flows 2. Explain the role of financial ratios in financial management. 3. Describe the role of and use trend analysis.

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