INTRODUCTION
Financial ratio analysis is one of the key techniques for evaluating a company’s financial position. Financial ratios help getting additional information about financial performance of a company that might not be obvious from its financial statements (Erhardt and Brigham 89). They enable the management to evaluate the operating performance of the company in dynamics. Besides, the managers may track their financial goals achievement with the help of this type of analysis as ratios are widely used in planning and setting future performance goals (1). Moreover, the ratios are used to compare performance of companies within one industry, including ...
