Which of the Following Statement I S NOT Accurate? Financial

question 49

Multiple Choice

Which of the following statement i s NOT accurate? Financial statements serve a number of purposes:

• A)from a lender's perspective they often form the basis for covenant restrictions.
• B)financial ratios are useful for planning and budgeting purposes
• C)financial ratios are only useful when using book values because market values change almost continuously and distort manager's intentions.
• D)the ROE measure helps us to understand how well we are rewarding our investors.

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