Benchmarks are required to evaluate a company's performance.Benchmarks are necessary when interpreting a company's financial ratios.These benchmarks may be the company's own results for prior years,the results of competitors,or an average for the industry.

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Benchmarks are necessary to evaluate a company's performance and interpret its financial ratios, and can be based on the company's own prior results, competitors' results, or industry averages.

Benchmarks Are Required to Evaluate a Company's Performance