Question

What does financial statement analysis enable in terms of comparison in financial management?

a.

Comparison of product quality

b.

Comparison of market share

c.

Comparison of financial ratios for trend analysis, inter-firm comparison, and comparison with accepted standards

d.

Comparison of employee satisfaction levels

Answer: (c).Comparison of financial ratios for trend analysis, inter-firm comparison, and comparison with accepted standards Explanation:Financial statement analysis enables three types of comparison: ratios for trend analysis, inter-firm comparison, and comparison with accepted standards.

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Q. What does financial statement analysis enable in terms of comparison in financial management?

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