Which of the following is NOT a way to accurately determine the financial performance of a company?
A) carefully examining one year of data
B) evaluating a company's performance from year to year
C) comparing a company's performance with a competing company
D) comparing a company's performance with the same industry as a whole

Question

Quizplus · Accepted Answer

Carefully examining one year of data is not sufficient to accurately determine the financial performance of a company as it may not provide a clear picture of the company's overall performance or growth trajectory. Instead, it is important to evaluate a company's performance over multiple years, compare it with competitors and industry trends, and consider various financial metrics and ratios.

Which of the Following Is NOT a Way to Accurately