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B a, c, and d C a, b and c D a, b, c, d
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Ratio analysis can be used to compare information taken from the financial statements to gain a general understanding of the results, financial positions and cash flows of business. However there are some limitations of ratio analysis - some elements of balance sheet may be stated at historical cost this disparity can result in unusual ratio results, Accounting policies, inflation, operational changes, business conditions etc.
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