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Which of the following statements describes the limitations of financial statement analysis? Question 17...

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Question

Accounting

Which of the following statements describes the limitations of financial statement analysis?
Question 17 options:
a)
The calculation of more financial statement ratios is not necessarily helpful.
b)
Financial statement analysis does not answer why the result of a ratio has changed over time.
c)
Ratios are inherently imprecise.
d)
Financial statement analysis does not provide information on the liquidity of an entity.

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