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What is a financial benchmark

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Reference no: EM133156359

1. What is a financial benchmark and what is it used for?

2. Why do managers examine trends when looking at financial statements?

3. What are the limitations of financial ratios?

4. Why are financial ratios so critical to managers when evaluating business performance?

5. Explain why some companies can influence many of their ratios simply by choosing their fiscal year-end. In what type of industries do you think this might be a particularproblem?

Reference no: EM133156359

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