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Which of the following statements regarding ratio analysis is incorrect? Multiple Choice Some ratios involve an account from the balance sheet and one from the

Which of the following statements regarding ratio analysis is incorrect?

Multiple Choice

Some ratios involve an account from the balance sheet and one from the income statement.

Ratio analysis is a specific form of horizontal analysis.

Ratio analysis involves making comparisons between different accounts in the same set of financial statements.

There are many different ratios available for evaluating a firm's performance.

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