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प्रश्न
Ratio analysis is useful for inter-firm comparison.
उत्तर
True
Ratio analysis helps an organisation to compare the results of the business with other firms, industries and also helps in appraising the progress and growth of the organisation over the years. It facilitates comparison and helps in determining whether the business is doing better than other firms and if it is not, then what are its reasons and how to overcome them.
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संबंधित प्रश्न
It is the process of identifying the financial strengths and weaknesses of the firm by properly establishing relationships between the various items of balance sheet and the statement of profit and loss. Identify the process and state any two objectives of the identified process
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