Question: a . 1 . You are comparing two companies by looking at financial ratios they publish in their annual reports. You know that: I. You

a.
1. You are comparing two companies by looking at financial ratios they publish in their annual reports. You know that:
I. You must be careful because not all financial statement ratios are calculated the same way.
II. The balance sheet ratios of a large firm and a medium size firm cannot be compared.
Ill. These financial ratios will capture the relevant differences between the two firms, leaving you with no need to look at the rest of the reports.
CHOOSE THE CORRECT ANSWER
a.1 and Il only
b.1 only
c. Il only
d. I and Illonly
Illonly

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