What are the limitations of industry-average ratios as a source of benchmarks for a firm's financial condition?

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What are the limitations of industry-average ratios as a source of benchmarks for a firm's financial condition? Discuss briefly.

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Financial Management Principles and Applications

ISBN: 978-0134417219

13th edition

Authors: Sheridan Titman, Arthur J. Keown, John H. Martin

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Question Posted: Apr 24, 2017 10:26 AM

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What are the limitations of industry-average ratios as a source of benchmarks for a firm's financial condition?

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S ome of the mo r e si g n i f i ca nt limit a tions of indus t r y a v e r a g e s in c lud e 1 P i c king a n indust r y b e n c hm ar k ca n som e ...View the full answer

Financial Management Principles and Applications

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