1. Ratio analysis A company reports accounting data in its financial statements. This dota is used for financial analyses that provide insights into a company's strengths, weaknesses, performance in specific areas, and trends in performance. These analyses are performance to that of its competitors, or to its past or expected future decision making often used to compare a company's or to its past or expected tuture performance. Such insight helps managers and analysts improve their performance. Such Consider the following scenario: You work for a brokerage firm. Your boss asked you to analyze Blue Parrot Manufacturing's performance for the past three years and to write a report that includes a benchmarking of the company's performance. Which of the following components would be best for you to include in your financial statement analysis? O A comparison of the firm's performance with other firms in the same industry based on their financial ratios O Financial statements based solely on information given to analysts and brokerage firms