Question: Unlike the financial ratios based on accounting data, total return to shareholders is backward - looking and historic in nature. external and forward - looking

Unlike the financial ratios based on accounting data, total return to shareholders is
backward-looking and historic in nature.
external and forward-looking performance measure.
an absolute measure of competitive advantage.
unaffected by market volatility or macroeconomic factors.
Unlike the financial ratios based on accounting data, total return to

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