"Different companies may have different policies for recording the same accounting transaction. This means that comparing the ratio results of different companies may be like comparing apples and oranges." List the pros and cons of financial ratio analysis and discuss its impact in strategic planning process of an organization.

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The Answer of "Different companies may have different policies for recording the same accounting transaction. This means that comparing the ratio results of different companies may be like comparing apples and oranges." List the pros and cons of financial ratio analysis and discuss its impact in strategic planning process of an organization.

"Different Companies May Have Different Policies for Recording the Same