Question: When doing a ratio analysis, you may choose a benchmark. Which of the following is incorrect? Group of answer choices Firms in the peer group

When doing a ratio analysis, you may choose a benchmark. Which of the following is incorrect? Group of answer choices Firms in the peer group should be similar in the sense that they compete in the same markets, have similar assets, and operate in similar ways. Due to an increasing number of conglomerates, finding a good peer group firm is getting more difficult. Time trend analysis uses a firms historical data as the standard. You can always find the peer group in the same country.

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