What is the advantage of comparing financial statements across periods or against industry benchmarks rather than in

Question:

What is the advantage of comparing financial statements across periods or against industry benchmarks rather than in looking at statements associated with a single date or period?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: