Consider the articles by Androgenic 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.
1. Why does the significance of financial ratios change according to industry or business practices?
2. Since ratios are often refined by analysts in their search for deeper insights, to what extent can ratio analysis be standardized?
3. How can financial ratios best be interpreted?