To accurately determine the financial performance of a company,it is necessary to compare its performance from year to year,with a competing company,and with the same industry as a whole.

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Comparing a company's financial performance from year to year and with competitors and the industry as a whole helps in understanding its growth, profitability, and market position. Only then can a comprehensive analysis of their financial standing be made.

To Accurately Determine the Financial Performance of a Company,it Is