To what extent does this mean that financial ratio analysis is no longer important to a business?More businesses are now using broad measures of overall business performance, such as Kaplan & Norton’s Balanced Scorecard and Elkington’s Triple Bottom Line, rather than focusing solely on financial ratio analysis..
More businesses are now using broad measures of overall business performance, such as Kaplan & Norton’s Balanced Scorecard and Elkington’s Triple Bottom Line, rather than focusing solely on financial ratio analysis. To what extent does this mean that financial ratio analysis is no longer important to a business? [25 marks]