. Trend Analysis helps comparing performance of a firm
A. With other firms,
B. Over a period of firm,
C. With other industries,
D. None of the above.
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c. is the correct answer
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Trend Analysis helps compare the performance of firm B. Over a period of the firm.
Over a period of the firm:
- Trend analysis enables the analyst to make an accurate comparison of two or more firms over time.
- It could also be compared to the industry standard.
- That is, it aids in understanding a specific company’s strengths and weaknesses in comparison to other firms in the industry.
- Trend analysis (in terms of percentages) has been proven to be more efficient than absolute figures/data about which management can make decisions.
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