There are many ways of using standardized financial information. The usual goal is to put firms on an equal footing for comparison purposes. For example, for auto manufacturers, it is common to express sales, costs, and profits on a per-car basis. For each of the following industries, give an example of an actual company (Saint Lucia Electricity Services Limited) and (Liat Airlines) and discuss one or more potentially useful means of standardizing financial information: a. Public utilities (Saint Lucia Electricity Services Limited) b. Airlines (Liat Airlines)

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