$1.$ Which industry average is computed by taking the aggregated numerator value of each firm$$s financial ratio by the aggregated denominator value of each firm$$s financial ratio?

Multiple Choice

Value$-$weighted industry average

Simple$-$weighted industry average

Equal$-$weighted industry average

Dollar$-$weighted industry average

$2.$ Which ratio is often used to assess profitability?

Multiple Choice

Property, plant, and equipment turnover $($PPE$)$

Debt$-$to$-$equity

Interest coverage

Return on sales

$3.$ Which tactic is used to increase comparability among firms?

Multiple Choice

variable demeaning using industry averages

computation of Altman$$s Z scores for both firms

comparing credit ratings for firms across the industry

comparing the difference in GAAP and non$-$GAAP earnings for both firms