An individual analyzing a firm's financial statements should do all but one of the following:

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Using unaudited financial statements could lead to inaccurate or incomplete information. It is important to use audited financial statements to ensure the data is reliable and complete. B, C, and D are all essential components of analyzing a firm's financial statements. Doing a trend analysis helps identify patterns in the company's financial performance over time. Performing a benchmark analysis helps compare the company's financial performance to industry averages. Comparing the firm's performance to that of its direct competitors helps identify strengths and weaknesses and provides insight into how the company is performing relative to others in the same market.

An Individual Analyzing a Firm's Financial Statements Should Do All