Extraordinary gains and losses are usually included in ratio analysis, since they reflect on the annual operating performance of a firm.
Correct Answer:
Verified
Q12: Financial ratios are meaningless unless they are
Q13: Ratio analysis for large firms may be
Q14: Industry trend analysis provides a method of
Q15: Firms with P/E ratios higher than the
Q16: Debt-utilization ratios do not consider current liabilities.
Q18: Balance sheet items are carried at original
Q19: Ratio analysis is equally effective in identifying
Q20: The after-tax profit margin represents operating income
Q21: The Statement of Financial Accounting Standards (SFAS)
Q22: For a firm with old, heavy fixed
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents