Which of the following statements is not a limitation of ratio analysis?

		a. There are an insufficient number of ratios available.
		b. Seasonal factors can distort ratios.
		c. Different organizations can use different, but allowed under generally accepted accounting principles (GAAP), accounting conventions.
		d. It often is hard to tell whether a given ratio is good or bad. e. Inflation effects can distort ratios Hint: C is not the correct answer. I already submitted and it is incorrect.