1. The two methods of ratio analysis are called:
trend analysis and competitors (comparative) analysis.
cross-sectional analysis and financial planning analysis
long-range analysis and short-range analysis.
trend analysis and long-range analysis.
none of the above.
2. Some of the limitations/cautions of ratios analysis are the following except
Large firms have multiple lines of business ("vertically or horizontally integrated" firms).
Sales and expenses may be seasonal
Firms use different accounting procedures
Only b and c
all of them are limitations/problems.
3. Which of the following is an important trend(s) for financial management today?
Globalization of Business
Profound changes in business practices
Increased use of information/computer technology
a and c only
All the above.