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#cfa-level-1 #reading-22-financial-statement-analysis-intro
Once the data have been processed, the next step—critical to any analysis—is to interpret the output.
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4.4. Analyze/Interpret the Processed Data
Once the data have been processed, the next step—critical to any analysis—is to interpret the output. The answer to a specific financial analysis question is seldom the numerical answer alone. Rather, the answer to the analytical question relies on the analyst’s interpretation of the ou


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