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    Question

    Which tool of financial statement analysis helps in

    comparing a company's financial performance with industry averages?
    A Trend analysis Correct Answer Incorrect Answer
    B Common size analysis Correct Answer Incorrect Answer
    C Benchmarking analysis Correct Answer Incorrect Answer
    D Ratio analysis Correct Answer Incorrect Answer

    Solution

    Benchmarking analysis helps in comparing a company's financial performance with industry averages to identify strengths and weaknesses.

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