Question: Select the incorrect statement regarding ratio analysis. A) Ratio analysis is a specific form of horizontal analysis. B) Ratio analysis involves making comparisons between different

Select the incorrect statement regarding ratio analysis. A) Ratio analysis is a specific form of horizontal analysis. B) Ratio analysis involves making comparisons between different accounts in the same set of financial statements. C) Some ratios involve an account from the balance sheet and one from the income statement. D) There are many different ratios available for evaluating a firm's performance

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