Question 1 Not yet answered Marked out of 2.00 P Rag question Which of the following statements is INCORRECT? Select one: O a. Managers need to understand financial statement analysis to understand investment, financing operating and reporting decisions. b. Trend statements help you examine patterns of financial statement line items over time. O C. The ratios that you calculate when conducting ratio analysis are defined by the FASB. o d, A Common-size balance sheet is a balance sheet with each line item expressed as % of total assets