Which of the following statements regarding financial statement analysis is true?

Question 9 options:

a) Financial statement analysis is a useful tool, as it allows for direct comparison between different entities in various industries.

b) Financial statement analysis ratios are meaningless if they are calculated and considered in isolation

. c) Internal and external users should follow a standardized method when completing financial statement analysis to ensure consistency.

d) Financial statement analysis can provide users with a definite answer as to what has caused the changes in the financial results.