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Course: BUS 310, Fall 2009School: San Diego State
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of Limitations Ratio Analysis 1. Many companies operate in more than one industry. 2. Inflation has distorted balance sheets. 3. Seasonal factors can greatly influence ratios. 4. "Window-dressing" is possible. 5. Different companies within an industry may use different accounting practices. 6. Different companies may use different fiscal years. 7. Different companies within an industry may use...
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of Limitations Ratio Analysis
1. Many companies operate in more than one industry. 2. Inflation has distorted balance sheets. 3. Seasonal factors can greatly influence ratios. 4. "Window-dressing" is possible. 5. Different companies within an industry may use different accounting practices. 6. Different companies may use different fiscal years. 7. Different companies within an industry may use different operating 8. practices. The accounting data may be suspect: GIGO. 9. The age of the company may distort ratios. 10. Innovation and aggressiveness may lead to "bad" ratios. 11. The industry average may not be an appropriate or desirable target ratio....
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