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In cross-sectional analysis, a firm's financial ratios are O compared with ratios from all firms. O compared with a general standard. O judged against the
In cross-sectional analysis, a firm's financial ratios are O compared with ratios from all firms. O compared with a general standard. O judged against the performance of firms in the same industry or, if no clear industry is apparent, to firms with similar characteristics. O compared with the firm's ratios from the most recent period.
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