Which one of the following is not a tool in financial statement analysis?

Circular analysis

Horizontal analysis

Ratio analysis

Vertical analysis

The use of alternative accounting methods

may be a problem in ratio analysis even if disclosed.

is only a problem in ratio analysis with respect to inventory.

is not a problem in ratio analysis since eventually all methods will lead to the same end.

is not a problem in ratio analysis because the footnotes disclose the method used.