Financial Statement Analysis

Question 1

By using the organization’s FS, what can users evaluate?

Answer 1

Financial performance
Financial position

Question 2

In what ways can companies conduct comparative analyses?

Answer 2

Intra-company
Inter- company
Industry averages

Question 3

How can FS analysis be used?

Answer 3

Externally
Internally (management decision-making)

Question 4

Strong financial statement = strong financial future

Answer 4

False