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Mark Coney is considering investing in Wiggles Pet Food Company. Wiggles' net income increased considerably during the most recent year even though many other companies in the same industry reported disappointing earnings. Mark wants to know whether the company's earnings provide a reasonable depiction of its results.
What initial step can Mark take to help determine whether he needs to investigate further?

Respuesta :

holesstanham

Answer:

Analysis of financial statements

Explanation:

The first step that Mark can take to help determine whether he needs to investigate further is the analysis of financial statements. Financial statement analysis refers to the process of reviewing an organization's financial situation and reports. This process can then be used to make investment and lending decisions. Analyzing the financial statements of a company can help you better understand the financial circumstances of this entity.

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