A companies ratios are more meaningful when compared to other companies in the same industry.

Name: A companies ratios are more meaningful when compared to other companies in the same industry.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Comparing a company's ratios with its competitors in the same industry provides a better perspective on its financial performance and position. It helps in understanding how well the company is performing in relation to its peers and identifying strengths and weaknesses.

A Companies Ratios Are More Meaningful When Compared to Other