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Question 24 3 pts Which of the following statements best describes the limitation of financial ratios. Financial ratios tell a story and give management options

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Question 24 3 pts Which of the following statements best describes the limitation of financial ratios. Financial ratios tell a story and give management options for improving performance. None of these Financial ratios are difficult to calculate, change over time, and acceptable levels vary among different industries. Financial ratios tell where a particular operation is or is not doing well but doesn't report why or how to improve the situation Financial ratios are best used internally and can be misinterpreted when used by lenders or investors. Question 25 3 pts What is the correct date line for a statement of financial position? O for the year ended December 31, 2015 O for the accounting year ended December 31, 2015 from December 31, 2015 none of these as at December 31, 2015

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