Analyzing accounting profitability is important to managers because:
A) This data reflects how much profit the firm will make in the future.
B) How the customer views the firm is reflected in accounting data.
C) This information tells management how much to invest in intangibles.
D) Comparing "hard numbers" against rivals provides competitive insight.

Question

Quizplus · Accepted Answer

Comparing hard numbers with other firms in the industry helps management understand their competitive position.

Analyzing Accounting Profitability Is Important to Managers Because