Why is it important to compare long-term debt ratios of a given firm with industry averages?

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Financial Reporting and Analysis Using Financial Accounting Information

ISBN: 978-1439080603

12th Edition

Authors: Charles H Gibson

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Question Posted: Jun 22, 2012 09:26 AM

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Why is it important to compare long-term debt ratios of a given firm with industry averages?

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Industry averages tend to indicate the degree of debt that ...View the full answer

Financial Reporting and Analysis Using Financial Accounting Information

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