Which of these statements are false?

a. Many companies clearly do not fit into any industry

b. The financial service uses its best judgment as to which industry is best suited to the firm

c. An analysis of the financial statements of an enterprise may be more significant if its results are compared with industry averages and competitors

d. When using industry averages, it is often necessary to use the industry most suitable for the firm.

e. A company comparison should not be made with industry averages if the company clearly does not fit into any industry

e. A company comparison should not be made with industry averages if the company clearly does not fit into any industry

Explanation:

Every companies has different - different ability to run any industry. Like an automobile company can not run educational industry similarly an educational company can not run automobile industry. So we can say that many companies do not fit into other industry.

The financial service always looks for getting more profit from the industry that is why it always looks for best industry which gives more profit.

If any enterprises are focusing on there competitors then definitely it will get more profit because this is very important to go with competitors.

Industry average means the annually financial output of any companies.

Therefore only statement "e " is False.