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Which is true? Ratio analysis: can provide useful information on a firm's current position but should never be used to forecast future performance. can provide

Which is true? Ratio analysis:
can provide useful information on a firm's current position but should never be used to forecast future performance.
can provide useful information on a firm's current position and hint at future performance.
can provide useful information on a firm's past but not current position.
can provide useful information on a firm's past and current position, but should never be used to forecast future performance.

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