Multiple Choice
In using industry benchmarking and comparisons:
A) The industry averages are valuable because they apply to all firms within an industry.
B) One should avoid generalizations such as current ratios should be 2 to 1.
C) One gains valuable projections and forecasts.
D) Industry averages are universally applicable because they mask the effects of firm size.
Correct Answer:
Verified
Correct Answer:
Verified
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