Question: Which of these is ( are ) a factor which requires caution when using ratios to evaluate firm performance? Select all that apply. The future

Which of these is (are) a factor which requires caution when using ratios to evaluate firm performance? Select all that apply.
The future may differ from the past.
Firms within an industry that are used in cross-sectional analysis may have only one line of business.
Firms may use different accounting methods to value inventory.
Ratios may be calculated differently by different firms.
Which of these is (are) a factor which requires caution when

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