Question: QUESTION 6 Why should you be careful when comparing a firm with industry norms ( Select Best Choice Below ) A . All the above

QUESTION 6
Why should you be careful when comparing a firm with industry norms (Select Best Choice Below)
A. All the above are why you should be careful.
B. Sometimes it is difficult to identify the industry to which your firm belongs, so you must select
your peers and construct your own norm.
C. Accounting practices differ widely among firms. These differences can make the computed ratios
of different firms difficult to compare.
D. An industry average is not necessarily a desirable target ratio or norm. You may wish to be in the
top 10%.
QUESTION 6 Why should you be careful when comparing a firm

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