1.1
Background
of the Study
According
to Nweze (2011) accounting ratio analysis is seen as a financial statement
analysis used as a primary tool, ratio, which relates to two figure is
applicable to different categories. It is the process of identifying the
financial strengths and weakness of the firms by properly establishing
relationship between the items of the statement of financial position and the
statement of comprehensive income. A ratio is used as a benchmark for
evaluating the financial position and performance of a firm. One of the most frequent
used tools of financial ratio analysis is profitability ratio which is used to
determine the company’s bottom line.
Profitability measures are important to company manager and
owner alike.
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