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Learning outcome to be assessed: analyse financial statements to make decisions on the strength and adaptability of a business. A numerical analysis of the financial statements of a company of your choice over the last three years. An analysis of the company's place within the industry sector. Your chosen company must be a public limited company (plc) or equivalent.
You should include a copy of your chosen company's statement of comprehensive income ('income statement'), statement of financial position ('balance sheet') and statement of cash flows ('cash flow statement') in an appendix to your assignment. The work, which will be largely numerical and graphical, is to be completed individually.
Question: Part A: Justify and criticize the usual assumption made in Financial Management literature that the objective of a firm is to maximize the wealth of its sharehol
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It's a small amount of money which is used for initial market research or product development for a new venture.
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