Financial analysis is more meaningful if the ratios can be compared to an appropriate benchmark such as:
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Question:
Financial analysis is more meaningful if the ratios can be compared to an appropriate benchmark such as:
industry averages.
economic industry sector.
changes over time.
all of the options are appropriate benchmarks
Related Book For
Engineering Economic Analysis
ISBN: 9780195168075
9th edition
Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle
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