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Miscalculations ofboth financial statements can lead to poor allocation of resourcesas well as poor cost control. It can lead to an incorrectevaluation of the business with incorrect financial ratios such asprofitability ratios, operating margin, and profit margin.Miscalculations on the income statement leads to miscalculations onthe operating activities on the cash flows statement.What does everyonethink about this statement? Do you agree or disagree?
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