Financial ratios allow any sport organization to compare itself with any other sport organization to prove how well/poorly it is doing?

Question

Quizplus · Accepted Answer

Financial ratios are useful for comparing organizations within the same industry or sector, as they account for industry-specific factors. Comparing organizations from different industries, like different sports, may not provide meaningful insights due to varying financial structures and operational models.

Financial Ratios Allow Any Sport Organization to Compare Itself with Any