Inflation causes phantom sources of profit that may mislead even the most alert analyst.
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Q23: Under generally acceptable accounting principles, two companies
Q24: Because ratios are historic, they have minimal
Q25: During disinflation, stock prices tend to go
Q26: Asset utilization ratios can be used to
Q27: Although Apple Computers has a profit margin
Q29: LIFO and FIFO are two ways that
Q30: Analysts agree that extraordinary gains/losses should be
Q31: Industries with cyclical products such as lumber
Q32: As long as prices of products continue
Q33: Ratios are not misleading by inflation.
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