In doing an industry group analysis, you form the comparison group by choosing firms that are larger than the firm being compared.

a$.$ True

b$.$ Faise

An individual analyzing a firm's financial statements should do all but one of the following:

a$.$ Use unaudited financial statements.

b$.$ Do a trend analysis.

c$.$ Compare the firm's performance to that of its direct competitors.

d$.$ Perform a benchmark analysis.

The current market value of an asset is the amount that a firm would receive for the asset if it was sold on the open market.

a$.$ True

b$.$ False