USES OF ACCOUNTING RATIO AS A MEASURE OF MANAGEMENT PERFORMANCE AND EFFECTIVE (A CASE STUDY OF TEXACO NIGERIA PLC)
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Interpretation of account is the art and science of translating the figures there in such a way as to reveal financial strength and weakness of a business. Ratio analysis is a powerful tool of accounting analysis. A ratio is defined as the indicated quotient of two mathematical expressions and the relationship between two or more things. In accounting analysis a ratio is ...
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