Read chapter 7. Using the 10-Ks provided calculate the financial ratios for the balance sheet listed in the chapters for the last three years for both companies. How did the companies compare? How do they compare to industry averages? What do these ratios mean specifically for these companies? Are they performing better or worse than the industry? Explain fully. It is not enough to calculate the ratios; you need to show what the results mean.
|Warren Buffett Accounting.pdf|
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