Financial statement analysis:
A)is primarily used to identify account values that meet the normal standards.
B)is limited to internal use by a firm's managers.
C)provides useful information that can serve as a basis for forecasting future performance.
D)provides useful information to shareholders but not to debt holders.
E)is enhanced by comparing results to those of a firm's peers but not by comparing results to prior periods.

Question

Quizplus · Accepted Answer

Financial statement analysis provides insights into a company's financial health and performance, which can be used to forecast future performance.

Financial Statement Analysis