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Which of the following statements is incorrect? Comparison of income statement and balance sheet numbers, in the form of rates, should not be done Ratios

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Which of the following statements is incorrect? Comparison of income statement and balance sheet numbers, in the form of rates, should not be done Ratios are fractions expressed in percent or times per year. A ratio can be computed from any pair of numbers. A very long list of meaningful ratios can be derived

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