Question

When conducting a financial analysis of a firm, financial analysts:-cannot use accounting information as it is historical.-rely solely on accounting information.-frequently use accounting information.-ignore accounting information but do use marketing information.-assume the future will be a repeat of the past as reflected in the firm's accounting reports.

Answer 1

Answer:

Correct answer is frequently use accounting information.

Explanation:

Financial Analysis is based on the firms past and future performance.. It includes the accounting information and ratio in order to analysis the financial strength and weakness of the company. Hence financial analysts frequently use accounting information for financial analysis