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According to the list provided in the textbook, which of the following is NOT one of the cautions in using ratios to evaluate firm performance?

According to the list provided in the textbook, which of the following is NOT one of the cautions in using ratios to evaluate firm performance? 1. The firm has seasonal cash flow differences. 2. The firm has different accounting procedures. 3. The firm has a different capital structure. 4. The firm had a one-time event

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