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What does it mean to state that the trend of financial data is frequently more important than the data itself? It means that investors can evaluate the economic performance of a firm, and make comparisons between firms, by using It means that the focus of all financial analysis is on the return on total assets rather than just the return of a portion of the assets. It means that everything is relative, so comparison of individual and group trends is important when making judgments about performance. It means that all economic outcomes are related to inputs used to produce returns. Place a check mark next to each statement below that is correct. Financial statement users express financial data in ratio format to facilitate making decisions and informed judgments. Creditors are interested in an entity's liquidity - that is, its ability to pay its liabilities when due. Comparative financial statements are rarely useful for decision-making. The Acid-test ratio measures the ability of an entity to meet its obligations over a long period of time