Engineering Economics
Which is true about partnership?

Its capitalization must be equal for each partner.
It has a perpetual life.
It can be handed down from one generation of partners to another.
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

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

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