Which of the following statements regarding ratio analysis is INCORRECT? Select one: a. Ratio analysis facilitates comparisons by standardizing numbers. b. Ratios that compare current flows (such as earnings) with historic values (such as assets) become distorted by inflation over time. c. Firms within the same industry may adopt different accounting techniques which make it difficult to compare financial ratios d. Many large firms operate different divisions in different industries, and this makes it hard to develop a meaningful set of industry benchmarks for these types of firms. e. Inflation only affects income statement but not balance sheet items