Question: Financial statement analysis: is primarily used to identify account values that meet the normal standards. provides useful information that can serve as a basis for

Financial statement analysis:

is primarily used to identify account values that meet the normal standards.
provides useful information that can serve as a basis for forecasting future performance.
is limited to internal use by a firm's managers.
is enhanced by comparing results to those of a firm's peers but not by comparing results to prior periods.

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