THIS IS #6 IN PART 3 - 6. Please discuss the limitations of your analysis. The 'Financial Statement Analysis' chapter in your textbook provides examples of limitations of financial statement analysis (towards the end of the chapter). INMY TEXTBOOK THEY TALK ABOUT DIFFERENT INDUSTRIES, CHANGING ECONOMIC ENVIROMENT & ACCOUNTING PRINCIPLES. YOU GAVE ME THIS FOR THE ANSWER, DOES THIS FALLS INLINE WITH WHAT I HAVE IN MY TEXTBOOK - Here's a concise summary of the limitations of financial statement analysis for Arhaus Inc.: Historical Data: Reflects past performance, not future potential, especially in a dynamic industry like retail and furniture. Accounting Policies: Different methods (e.g., depreciation, inventory valuation) can affect comparability with competitors. Non-Financial Factors: Important elements like brand strength and customer satisfaction are not captured in financial statements. Economic and Industry Trends: External factors like consumer spending and housing market changes can impact performance but aren't reflected in the statements. Management Estimates: Subjective estimates (e.g., asset impairments) can introduce bias. One-Time Events: Unusual items can distort financial results and should be adjusted for ongoing performance assessment