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Which of the following statements about the limitations of financial condition analysis is most correct ? A Comparison with industry averages is difficult if the
Which of the following statements about the limitations of financial condition analysis is most correct?
A | Comparison with industry averages is difficult if the organization operates in several different lines of business. |
B | Seasonal factors can distort ratios. |
C | Inflation effects can distort ratios. |
D | Both a. and b. are correct. |
E | Answers a., b., and c. are correct. |
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