Which of the following is a limitation of ratio analysis?
A) Financial ratios cannot be used to assess a firm's profitability.
B) Ratios that reveal large deviations from the norm merely indicate the possibility of a problem.
C) It is difficult to access audited financial statements for ratio analysis.
D) Ratio analysis assumes that inflation has no effect on a firm's business.
B) Ratios that reveal large deviations from the norm merely indicate the possibility of a problem.
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An $80,000 bond issue priced at 97 is sold for $77,600
Indicate whether the statement is true or false
Why are ratios useful?
________ is defined as presenting an uncomfortable or unwanted consequence for a particular behavioral response.
A. Punishment B. Confrontation C. Extinction D. Negative reinforcement
Categorical data
a. must be numeric b. must be nonnumeric c. cannot be numeric d. may be either numeric or nonnumeric