Managing a specific financial ratio is tremendously important to the company's profitability. As a result, management and outside analysts pay close attention to this ratio and its trends. This company's reported quarterly ratio hovered within an incredibly narrow range, even though the period was an extremely volatile time for the industry. a. Good business practice b. Perfectly ethical, but raises a red flag c. Improper, but not fraudulent d. Improper and a possible indicator of fraud e. Fraudulent accounting