Percentage analyses, ratios, turnovers, and other measures of financial position and operating results are

A) a substitute for sound judgment
B) useful analytical measures
C) enough information for analysis; industry information is not needed
D) unnecessary for analysis if industry information is available

Percentage analyses, ratios, turnovers, and other measures of financial position and operating results are useful analytical measures that can help in evaluating the financial health of a company. However, they should not be used as a substitute for sound judgment. Additionally, industry information is also important to consider for a comprehensive analysis of a company's financial performance.