why is it sometimes misleading to compare a company's financial ratios with those of other firms that operate in the same industry.

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 6Q: Why is it sometimes misleading to compare a company’s financial ratios with those of other firms...
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why is it sometimes misleading to compare a company's financial ratios with those of other firms that operate in the same industry.
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