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Problems with financial statements analysis include all of the following except a) if a firms with seasonal operations end their fiscal years at different times,
Problems with financial statements analysis include all of the following except a) if a firms with seasonal operations end their fiscal years at different times, their financial statements may be hard to compare. b) The financial statements of firms outside the U.S. do not necessarily come from G-APP, making it difficult to compare them to U.S. Firms. C) Many firms are whose combined dont fit any neat industry classification d) Firms may use different accounting procedures for inventory making it difficult to compare them using standard ratios e) Financial statement have little value since they cannot be used to evaluate the financial health of a firm
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