Anyone analyzing a firm's financial statements should:
A) use audited financial statements.
B) do a trend analysis.
C) perform a benchmark analysis.
D) All of the above.

Question

Quizplus · Accepted Answer

A) Using audited financial statements ensure that the information is reliable and accurate. 
B) Trend analysis helps to understand the company's performance over time and identify any patterns or changes. 
C) Benchmark analysis allows comparison of the company's performance with industry averages or competitors. Therefore, all these methods are important for a thorough analysis of a firm's financial statements.

Anyone Analyzing a Firm's Financial Statements Should