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Which of the following is true of trend analysis? Question 2 options: 1) Trend analysis involves benchmarking a ratio against a peer group of companies.

Which of the following is true of trend analysis? Question 2 options: 1) Trend analysis involves benchmarking a ratio against a peer group of companies. 2) Trend analysis that shows a particular ratio value falling over time is indicative of poor firm performance. 3) Trend analysis is unaffected by inflation. 4) None of the above

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