Intra-company standards for financial statement analysis:
A)Are based on a company's prior performance and relations between its financial items.
B)Are often set by competitors.
C)Are set by the company's industry through published statistics.
D)Are based on rules of thumb.
E)Are published by analyst services such as Standard & Poor's.

Question

Quizplus · Accepted Answer

Intra-company standards for financial statement analysis are based on a company's prior performance and relations between its financial items. These standards are often used by companies to make decisions related to investments, financing, and operations. They help a company to identify its strengths, weaknesses, and areas needing improvement, and set targets for the future based on historical performance.

Intra-Company Standards for Financial Statement Analysis