Question

Percentage analysis, ratios, turnovers, and other measures of financial position and operating results are a. a substitute for sound judgment. b. useful analytical measures. c. enough information for analysis; industry information is not needed. d. unnecessary for analysis if industry information is available.

Answer 1

Answer:

b. useful analytical measures.

Explanation:

All of the financial measures described in the question are all useful analytical measures used in many big companies. The more tools a company can use for their analytics the better and more accurate the results will be. Better and more accurate results then lead to better decisions on what direction to take the company.

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