Please see the picture

Which of the following are limitations of ratio analysis? |. Ratio analysis ignores qualitative factors II. Ratio analysis ignores quantitative factors \"I. Ratio analysis is historical analysis. IV. Financial statements are subject to manipulation and therefore so are the ratios based on them. Select one: Q a. I, II and III 0 b. II, III and IV 0 c. I, III and IV 0 d. I, II and IV Briefly discuss three (3) limitations of ratio analysis as a tool for fundamental business position or performance analysis. I-IIIIE Path: p ....-i5