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(a) Discuss the importance of ratio analysis for inter-firm and intra-firm comparisonsincluding… 1 answer below » (a) Discuss the importance of ratio analysis for inter-firm and intra-firm comparisonsincluding circumstances responsible for its limitations .If any (b) Why do you understand by the term ‘pay-out ratio’? What factors are taken into consideration while determining pay-out ratio? Should a company follow a fixed pay-out ratio policy? Discuss fully. Nov 14 2015 08:24 PM