Question: Ratio analysis cannot be taken at face value for all of the following except which reason? Multiple Choice No underlying theory exists to pinpoint exact

Ratio analysis cannot be taken at face value for all of the following except which reason?
Multiple Choice
No underlying theory exists to pinpoint exact benchmarks.
Different standards and procedures can exist from country to country.
Large conglomerates can cross more than one industry type.
Ratio analysis cannot be taken at face value for all of

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