An individual analyzing a firm's financial statements should do all but which one of the following?
A) Use unaudited financial statements
B) Perform a trend analysis
C) Perform a benchmark analysis
D) Compare the firm's performance to that of its direct competitors

Question

Quizplus · Accepted Answer

Using unaudited financial statements may result in inaccuracies or incomplete information that could affect the analysis. It is best to use audited financial statements to ensure the accuracy of the data.

An Individual Analyzing a Firm's Financial Statements Should Do All