1. Which of the following statements concerning financial ratios is incorrect? A Accounting principles and methods used by a company will not affect financial ratios B. The informational value of a ratio in isolation is limited C. A ratio is one number expressed as a percentage or fraction of another number D. Calculation of financial ratios is not sufficient for a complete financial analysis of a compar 2 Which of the following would affect the comparison of financial statements across two differ firms? I. Different accounting principles Il. Different sizes of the companies IlIl. Different reporting periods IV. Different industries A. I, III, and IV B. I and IV C. I and II D. I, I, II, and IV 3. Which of the following is not considered an intangible asset? A. Prepaid advertising expenses B. Customer lists C. Goodwill D. Memberships 4 Which of the following statements about cash flows is true? A. All cash flows are value relevant. B. Only current cash flows are relevant for valuation. C. Cash flows are less reliable than accruals. D. Cash flows can be manipulated If a company receives an unqualified audit opinion it means the auditors A did not complete a full audit and therefore do not feel qualified to give an opinion on financial statements 8. are providing assurance that the company willremain financially viable for at least the next year. C are providing assurance that the company's financial statements fairly present company's financial performance and position D are providing assurance that the companys financial statements are free from misstatement fraudulent accounting and fairly indicate future performance