How might the use of an end-of-the-year balance sheet bias the calculation of certain ratios?

Question:

How might the use of an end-of-the-year bias the calculation of certain ratios?

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...