QUESTION 13 1. Why is it important to compare a business's operating expense percentage to industry benchmarks 1. It helps management do a better job of collecting receivables II. It helps determine the business's financial risk III. It reflects how well the business is managing its expenses compared to its peers. IV. It provides important insight into management integrity a. I and II only. b. I and III only. c. II and III only. d. III and IV only