PLEASE ANSWER ALL 4 QUESTIONS TOGETHER

1- ------------- (benchmarking) compares a business's ratios with established values, such as industry averages; the ratios of leading companies in the industry; or those of primary competitors. For example, does the business use more or less debt financing than the industry average?

2- ----------- focuses on changes in the business's ratios over time. For example, has the business's use of debt financing increased or decreased over the last five years?

3- DuPont analysis, so named because managers at the DuPont Company developed it, combines basic financial ratios in a way that provides valuable insights into a business's profitability. The analysis decomposes return on equity, perhaps the most important measure of profitability, into the product of three other ratios, each of which has an important economic interpretation. The result is the DuPont equation. (T/F)

4- While financial statement analysis can provide a great deal of useful information regarding a business's financial condition, such analyses have limitations that necessitate care and judgment. Including those below:

a- businesses operate a number of divisions

b- generalizing about whether a particular value is good or bad can be complicated

c- varying accounting practices can distort financial statement comparisons

d- inflation effects can distort a firm's financial statements

e- All the above