melntitem expressed as a percentage of some base number, such as total assets or total revenues. d) All of the above are true. Question 2 (10 points) 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) Perform a benchmark analysis. d) Compare the firm's performance to that of its direct competitors. Question 3 (10 points)