Question: When analysts perform financial statement analysis, they may use comparisons to benchmark performance. There are four types of comparisons that are used to improve the

When analysts perform financial statement analysis, they may use comparisons to benchmark performance. There are four types of comparisons that are used to improve the decision usefulness of financial information.

Please explain and illustrate each type of comparison. Why are these comparisons important to users of the financial information? Does your organization utilize any or all of the different types of comparisons?

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