Firms that engage in multiple lines of business make it difficult to assign them to an industry category for ratio analysis.

Name: Firms that engage in multiple lines of business make it difficult to assign them to an industry category for ratio analysis.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is because their financial statements would have information from all of their business lines, making it hard to pinpoint their primary industry focus for comparison with other firms in the same industry.

Firms That Engage in Multiple Lines of Business Make It