Question: Financial ratios: Multiple Choice help financial statement users to evaluate the financial characteristics of companies by putting the large dollar amounts reported in financial statements

Financial ratios:

Multiple Choice

  • help financial statement users to evaluate the financial characteristics of companies by putting the large dollar amounts reported in financial statements into relative terms for comparison purposes.

  • provide for a more meaningful analysis when the trends of financial ratios for a company are compared to the industry average trends over a period of time.

  • Both of these statements are true.

  • Neither of these statements is true.

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