(i) Used to determine growth of an enterprise.
(ii) Used for comparison with competitors.
(iii) Used in decision making by management.
(iv) Helps to calculate profits or losses made.
(v) Helps to determine credit worthiness of debtors.
(vi) Important in attracting investors.
(vii) Used by the government to calculate tax payable.
(viii) Used by lenders to determine suitability of a firm in a loan applications.
maurice.mutuku answered the question on August 16, 2017 at 09:17
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