Question

Industry standards for finacial statement anlysis: A) are based on a single competitor's finacial performance, B) are set by the goverment, C) are available for finacial performance and condition of the company industry, D) are based on rules of thumbs, E) compare a company's income with its prior year's income

Intra- company standards for financial statement analysis: A) are based on a company's prior performance and relations between its finacial items, B) Are often set by competitors, C) are set by the company's industry through published statistics, D) are based on a rule of thumbs, E) Are published in Dun and bradstreet

Answer 1

1st question;

C.are available for financial performance and condition of the company industry.

Industry standard for financial statment analysis are available for financial performance and conditions of the comapany's industry.

They are based on analysis of financial statements of multiple companies forming the industry.

2nd question:

A.are based on a company's prior performance and relation between its financial items.

intra company standards are usually based on a company's prior performances.