Since each company is unique, comparison of the company data with industry averages is of no use in financial analysis.

Question

Quizplus · Accepted Answer

While each company is indeed unique, comparing company data with industry averages can still provide valuable insight in financial analysis. Industry averages can help identify where a company stands in relation to its competitors and can identify areas for improvement. However, it is important to also consider the company's specific circumstances and context when interpreting the data.

Since Each Company Is Unique, Comparison of the Company Data