Which of These Are Limitations of Financial Analysis

Multiple Choice

Which of these are limitations of financial analysis?
I. The past is an imperfect guide to the future
II. Historical cost financial reports are not adjusted for inflation
III. Non-quantitative factors are not considered
IV. Ratio results often contain errors in calculations
V Comparisons may not be valid

A) I, II, III, V
B) I, II, IV, V
C) II, III, IV, V
D) I, III, IV, V