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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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