Preferred Pet Care,Inc. ,has recorded the following on its income statement for the period ending,December 31,2010:
The return on sales = 34%.This return is outstanding and there is no need to compare this return to competitors in the veterinary services industry.

Question

Quizplus · Accepted Answer

Without comparing the return on sales to competitors in the veterinary services industry, it is difficult to determine whether the return is outstanding or not. Thus, it is not true that there is "no need" to compare the return to competitors.