Engineering Economics
Which is true about partnership?

It has a perpetual life.
It can be handed down from one generation of partners to another.
Its capitalization must be equal for each partner.
It will be dissolved if one of the partners ceases to be connected with the partnership.

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Engineering Economics
Each financial ratio is generally compared by

All of these
A ratio of some selected firms most progressive and successful at the point of consideration
A ratio developed by using the projected financial statement of the firm
A past ratio calculated from the past financial standard of the firm

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