What cautionary step should be taken when standards (norms) are used to interpret a firms financial ratios?

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What cautionary step should be taken when standards (norms) are used to interpret a firm’s financial ratios? Discuss briefly.

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Foundations Of Finance

ISBN: 9781292155135

9th Global Edition

Authors: Arthur J. Keown, John D. Martin, J. William Petty

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Question Posted: Feb 21, 2024 05:00 AM

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What cautionary step should be taken when standards (norms) are used to interpret a firms financial ratios?

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When using standards or norms to interpret a firms financial ratios it is important to exercise caution and consider several factors to ensure a meani...View the full answer

Foundations Of Finance

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