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

Which of these is (are) a factor which requires caution when using ratios to evaluate firm performance? Select all that apply.
Multiple select question.
Window dressing of annual financial statements by some firms
Doing cross-sectional analysis on various firms whose financial statements all conform to GAAP
Comparing firms with varying fiscal years
Limiting comparisons to local firms within the same industry

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