Multiple Choice
Financial ratios:
A) help financial statement users to evaluate the financial characteristics of companies by putting the large dollar amounts reported in financial statements into relative terms for comparison purposes.
B) provide for a more meaningful analysis when the trends of financial ratios for a company are compared to the industry average trends over a period of time.
C) Both of these statements are true.
D) Neither of these statements is true.
Correct Answer:
Verified
Correct Answer:
Verified
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