Percentage analyses, ratios, turnovers, and other measures of financial position and operating results are
A) a substitute for sound judgment.
B) useful analytical measures.
C) enough information for analysis, industry information is not needed.
D) unnecessary for analysis, but reaction is better.

Question

Quizplus · Accepted Answer

Percentage analyses, ratios, turnovers, and other measures of financial position and operating results are useful analytical measures to assess the financial health of a company. However, they should not be used as a substitute for sound judgment and industry information should also be considered in the analysis. These measures provide valuable information about the company's performance and help in making informed decisions.

Percentage Analyses, Ratios, Turnovers, and Other Measures of Financial Position