Describe the merits and deficiencies of the following bases of comparison of financial ratios: (a) past performance;
Question:
Describe the merits and deficiencies of the following bases of comparison of financial ratios:
(a) past performance;
(b) industry average performance.
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Related Book For 
Financial Accounting And Reporting An Introduction
ISBN: 978-0333346402
1985 Edition
Authors: R. Limmack
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