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Howard Gardner would agree with three of the statements below. He would NOT agree, however, that:
Debt Ratio
A leverage ratio that measures the proportion of a firm’s total assets that is acquired with borrowed funds.
Current Liabilities
Debts or obligations that a company needs to pay within one fiscal year or within its normal operating cycle.
Statement of Cash Flows
A financial document that shows how changes in balance sheet accounts and income affect cash and cash equivalents, breaking the analysis down to operating, investing, and financing activities.
Financial Statement
A formal document outlining the financial activities and condition of a business, including the balance sheet, income statement, and cash flow statement.
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