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Which of the following is a basic limitation associated with ratio analysis The lack of comparability among firms in a given industry. The use of

  1. Which of the following is a basic limitation associated with ratio analysis

    1. The lack of comparability among firms in a given industry.

    2. The use of future-oriented data items in accounting.

    3. The use of fair value accounting costs.

    4. The usefulness of a single ratio by itself.

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