Why does the significance of financial ratios change according to industry or business practices?

Consider the articles by Andrijasevic and Pasic (2014) and Mankin and Jewell (2014) assigned in this unit. Discuss the following questions on financial analysis. In addition, discuss why it is important to ask and answer these questions. Why does the significance of financial ratios change according to industry or business practices? Since ratios are often … Read more