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What is ONE danger in focusing a financial analysis solely on the data found in the historical financial statements? Financial statements are based on divisional

What is ONE danger in focusing a financial analysis solely on the data found in the historical financial statements?

  • Financial statements are based on divisional data rather than segment data.
  • Financial statements dont contain all the relevant information.
  • Financial statements reflect fair values rather than leveraged values.
  • Financial statements reflect both fixed and variable costs.

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