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Mark wants to determine whether a specific company has become more profitable over time. Mark should compare the company's performance to:______________.

User PiccolMan
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Answer: industry average

Explanation: In simple words, industry average refers to the data that is presented by some institution depicting the performance of all the firms in the industry as a whole with respect to factors like profitability, leverages and growth.

To compare a company's performance over time it is best to compare it with industry average as usually it is difficult to find a competitor whose market conditions are similar to one another.

Thus, for over the period performance analysis it is best to use industry average.

User Saliha
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