Question: hat is the basic problem with using financial statement analysis to measure performance of a firm's financial management? Multiple Choice Different firms may use different
hat is the basic problem with using financial statement analysis to measure performance of a firm's financial management?
Multiple Choice
Different firms may use different accounting procedures which produce financial statements that are not directly comparable.
There may not be any reasonable peer group for global conglomerates with which comparisons can be made based on financial analysis measures.
Different firms may follow different fiscal periods.
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