How does inflation distort ratio analysis comparisons, both for one company over time (trend analysis) and when

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How does inflation distort ratio analysis comparisons, both for one company over time (trend analysis) and when different companies are compared? Are only balance sheet items or both balance sheet and income statement items affected?

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Fundamentals Of Financial Management Concise

ISBN: 9780324258721

4th Edition

Authors: Eugene F. Brigham, Joel F. Houston

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