Which type of ratio analysis occurs when a financial analyst is making a comparison of a firm's performance against the industry? Regression analysis Trend analysis Cross-sectional analysis Progress analysis Which ratio is used to determine the value of a stock based on earnings? Times interest earned ratio Gross margin Net margin Price-to-earnings ratio A firm has a current ratio of 5.4 and a quick ratio of 2.3, while the industry norm is 4.5 for the current ratio and 3.2 for the quick ratio. What does the comparison of the current ratio and quick ratio of the firm to the industry indicate? The firm has higher accounts receivable holding than the industry average. The firm has lower accounts receivable holding than the industry average. The firm has higher inventory holding than the industry average. The firm has lower inventory holding than the industry average. Which type of ratio should be used to evaluate the current share price of a public firm? Activity Market Liquidity Profitability