Which of the following is least useful in evaluating a company's financial statements?
A)Comparison of the company's current period data with accounting data from five years ago
B)Comparison with other companies in the same industry
C)Comparison with government economic data for the economy as a whole.
D)Comparison of the company's current period data with that of the last year

Question

Quizplus · Accepted Answer

Comparison of the company's current period data with accounting data from five years ago is least useful in evaluating a company's financial statements because it does not take into account the changes that have occurred in the company's business and the economy over that time period.

Which of the Following Is Least Useful in Evaluating a Company's