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Should information in the excel sheet be referenced?
For example, if I have presented an extract of the income statement and balance sheet from the annual report, am I supposed to reference that extract?
I have also included formulas used for the ratios calculated. Does this count as general knowledge or am I supposed to reference the formulas as well.
You would normally have some sort of heading for your extracts which explains that they are company XYZ’s Balance Sheet and Income Statement – that will be sufficient.
It is not necessary to reference formulae as they are not one person’s invention but have been around for years. However you are expected to reference limitations of ratio analysis if you are taking ideas from someone else’s webpage or a textbook.