The management of Elite Limited is struggling to understand changes in their financial performance and the trends emerging within their accounting data. Hence, the company would\ like to know about the different basis they can consider to comparatively analyse their financial performance.\ Required:\ Given your experience in this area, explain THREE different approaches that Elite limited can employ in evaluating its performance internally and externally with their peers.

The management of Elite Limited is struggling to understand changes in their financial performance and the trends emerging within their accounting data. Hence, the company would ike to know about the different basis they can consider to comparatively analyse their financial performance. Required: Given your experience in this area, explain THREE different approaches that Elite limited can employ in evaluating its performance internally and externally with their