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All of the following are limitations of ratio analysis except : Select one : a . Inflation has distorted many firm's balance sheets so market
All of the following are limitations of ratio analysis except :
Select one :
a . Inflation has distorted many firm's balance sheets so market values and book values differ greatly
b . Firms can employ window dressing to make their financial statements look better .
c. Different accounting methods can distort financial statements making ratios hard to compare .
d . Many publicly held firms are not required to publish financial statements making it difficult to compare ratios with other firms.
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