Which of the following statement is INCORRECT? O Cross-sectional analysis measures a firm's performance against its competitors over a period of time. O When a company engages in many different businesses, it may be challenging to select an appropriate industry average for conducting cross-sectional analysis. O Ratio analyses allow meaningful comparisons between companies of different asset sizes. O Ratio analyses may be helpful for evaluating a company's performance over time and against its competitors. 2 Hours

Which of the following statement is INCORRECT? Cross-sectional analysis measures a firm's performance against its competitors over a period of time. When a company engages in many different businesses, it may be challenging to select an appropriate industry average for conducting cross-sectional analysis. Ratio analyses allow meaningful comparisons between companies of different asset sizes. Ratio analyses may be helpful for evaluating a company's performance over time and against its competitors