Fundamental Accounting Principles Study Set 5
Quiz 17: Analysis of Financial Statements
Measures Taken from a Selected Competitor or a Group of Competitors
Measures taken from a selected competitor or a group of competitors are often excellent standards of comparison for analysis.
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Intracompany analysis is based on comparisons with competitors.
General standards of comparisons include the 2:1 level for the current ratio and 1:1 level for the acid-test ratio.
Vertical analysis is the comparison of a company's financial condition and performance across time.
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