Question: How can we use ratios to help us analyze a firm's financial statements? We can compare a firm's ratios to the average for their industry

How can we use ratios to help us analyze a firm's financial statements?
We can compare a firm's ratios to the average for their industry
We can examine a firm's ratios over time
We can compare the ratios of two firms in the same industry
All of the above are ways that we can use ratios for analysis

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