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