Question: Which statement is true of ratio analysis? Multiple Choice Can provide useful information on a firm s current position but should never be used to

Which statement is true of ratio analysis?
Multiple Choice
Can provide useful information on a firms current position but should never be used to forecast future performance.
Can provide useful information on a firm's current position and hint at future performance.
Can provide useful information on a firm's past but not current position.
Can provide useful information on a firm's past and current position, but should never be used to forecast future performance.

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