Indicate whether each of the following items is (a) An objective or (b) a standard of comparison
Question:
Indicate whether each of the following items is
(a) An objective or
(b) a standard of comparison of the financial statement analysis:
1. Industry norms
2. Assessment of a company’s past-performance
3. The company’s past performance
4. Assessment of future potential and related risk
5. Rule-of-thumb measures.
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