What is the benchmark for each ratio? Why is it important to use benchmarks or historical numbers

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What is the benchmark for each ratio? Why is it important to use benchmarks or historical numbers for comparison?
Are Marabelle's ratios falling within appropriate range? Explain. What elements does it show that are important for decision making?

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An Introduction To Statistical Methods And Data Analysis

ISBN: 9781305465527

7th Edition

Authors: R. Lyman Ott, Micheal T. Longnecker

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Posted Date: Mar 18, 2024 02:57 PM

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What is the benchmark for each ratio? Why is it important to use benchmarks or historical numbers

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Answer Benchmarking involves comparing a companys financial ratios or performance metrics against industry averages competitors or historical data to assess its relative performance and identify areas ... View the full answer

An Introduction To Statistical Methods And Data Analysis

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