Accounting for IGCSE & O level - Advanced Principles (Section 6 - No. 5)
Which of the following is a way of assessing a company's performance against rivals?
Only comparing financial statements.
Only comparing revenue.
Applying financial ratios and using industry averages.
By speaking to customers.
Paliwanag
By comparing the business's financial ratios with the averages of other companies in the same industry.