True/false

81common stock on a specific date Calnings per share is referred to as the price-earnings ratio. 13 company can use comparisons of its financial data to the data of other companies and industry values to evaluate its position. 14 Interpreting financial ratios should be considered in light of conditions peculiar to the industry in which the firm operates as well as general economic conditions. Inventory turnover shows how many times the average inventory was sol during the year. 15