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Which of the following descriptions is wrong about ratios and ratio analysis? Group of answer choices
1. There are specific ratios that indicate whether the company has enough resources on hand to pay its immediate debt.
2.Certain ratios can indicate the companys ability to handle its long-term debt using its entire resources.
3.ROS ratio provides information about how thoroughly overall costs and expenses have been controlled in its operations.
4.Ratios can be used to answer the problems
5. Business managers must learn to use ratios to identify real problems that may be presented by ratios.
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