A critical first step in solving a financial problem is [blank].
A)making logical business decisions
B)comparing liquidity ratios
C)determining the price of common stock
D)constructing a timeline

Question

Quizplus · Accepted Answer

Constructing a timeline allows for clear visualization of the financial problem and helps to identify the root cause of the issue. Once the problem is identified, logical business decisions can be made and financial ratios can be used to support these decisions. Determining the price of common stock may not be relevant to the financial problem at hand.

A Critical First Step in Solving a Financial Problem Is