Now that Bob has a better understanding of financial ratios, he's anxious to begin comparing last year's performance with this year's performance. What initial advice should Mark offer?
(A) Bob can compare results with similar companies that operate within the U.S.
(B) Bob can compare results with similar companies, even if it is operating overseas, as long as those companies subscribe to GAAP.
(C) In spite of what Bob believes, the sale of obsolete plant equipment last year will not affect the comparison.
(D) He should remind Bob that the company switched from a calendar year to a fiscal year beginning in June of this year.