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Which of the following statements is NOT correct regarding ratios? Ratios are useful because they answer fundamental questions about the firm Ratios can be used

Which of the following statements is NOT correct regarding ratios?

  • Ratios are useful because they answer fundamental questions about the firm
  • Ratios can be used to evaluate the goals of a firm
  • Ratios are useful because they standardize financial data for comparison purposes
  • Ratios are not regulated

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