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Now that Bob has a better understanding of financial ratios, he's anxious to begin comparing last year's performance with this year'sperformance. What initial advice should Mark offer?

(A) Bob can compare results with similar companies that operate within the U.S.

(B) Bob can compare results with similar companies, even if it is operating overseas, as long as those companies subscribe to GAAP.

(D) He should remind Bob that the company switched from a calendar year to a fiscal year beginning in June of this year.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9442039

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