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Why Are Quarterly Financial Statements Required to Be Published for Publicly

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Essay

Why are quarterly financial statements required to be published for publicly traded companies in the U.S.?


Definitions:

Base Year

A specific year or period chosen as a reference point for financial or economic data analysis.

Percent Change

A mathematical calculation that indicates the degree of change over time, represented as a percentage.

Sales

Sales represent the transactions involving the exchange of goods or services for money, reflecting the primary revenue-generating activities of a business.

Acid-test Ratio

A financial metric that measures a company's ability to pay off its current liabilities with its quick assets, excluding inventory.

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