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Question
Which of the following is not a limitation of the analysis of financial statements?
Options
Window dressing
Price level changes ignored
Subjectivity
Intra firm comparison possible
MCQ
Solution
Intra firm comparison possible
Explanation:
Intra-firm comparison is a financial statement strength because it allows you to compare the company's financial position not only with previous years but also with that of a competitor.
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Meaning of Analysis of Financial Statements
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