Inadequacies of the existing system of financial ratio signify a need for a different approach to monitoring business performance. Of the following statements, which is NOT a shortcoming of financial ratio? a) financial measures are lagging indictors of business performance. b) Financial ratios have a short-term orientation and emphasize the cash flow rather than the processes that contribute to cash flow. c) Financial Ratio focus equally on the stockholder as on the customers, suppliers and employees. d) A and B e) A and B and C

Inadequacies of the existing system of financial ratio signify a need for a different approach to monitoring business performance. Of the following statements, which is NOT a shortcoming of financial ratio? a) financial measures are lagging indictors of business performance. b) Financial ratios have a short-term orientation and emphasize the cash flow rather than the processes that contribute to cash flow. c) Financial Ratio focus equally on the stockholder as on the customers, suppliers and employees. d) A and B e) A and B and C

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 7DQ

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