If in 2009 another company had an ROE of 25%, Chicos ROE was [better / worse] than

Question:

If in 2009 another company had an ROE of 25%, Chico’s ROE was [better / worse] than the other company’s. Or if in 2009 the average ROE of companies in the same industry as Chico was 25%, Chico’s ROE was [better / worse] than the industry average. This is the external basis of comparison. If the other company is thought to be the best-managed company in the industry, this comparison is called benchmarking.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

Question Posted: