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Which of the following statements regarding financial ratio analysis are correct? ...

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Finance

Which of the following statements regarding financial ratio analysis are correct?

1)

Ratio analysis makes comparisons easier by standardizing numbers.

2)

It is always straightforward to choose firms for ratio comparison for large firms that operate different divisions across several different industries.

3)

Financial ratio comparisons are NOT impacted by seasonal and accounting differences across firms.

4)

Financial ratios cannot be compared across time.

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