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Question 7:- a) list down at least 3 limitations of ratio analysis. b) briefly describe the following key terms: Horizontal analysis, Trend percentages analysis, Base
Question 7:-
a) list down at least 3 limitations of ratio analysis.
b) briefly describe the following key terms: Horizontal analysis, Trend percentages analysis, Base year
Also, explain how the trend percentages for these items were calculated:
Sales, Cost of goods sold, and Gross profit
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