Financial ratios can be used to make a comparison of a company's financial condition from ____.
A) day to day
B) period to period
C) purchase to purchase
D) sale to sale

Question

Quizplus · Accepted Answer

Financial ratios are used to compare a company's financial condition from period to period, such as quarter to quarter, year to year, or over a longer period of time. They are not used to compare a company's day-to-day financial condition, or the financial impact of individual purchases or sales.

Financial Ratios Can Be Used to Make a Comparison of a Company's