Each of the following describes a limitation of financial statement analysis except

Each of the following describes a limitation of financial statement analysis except
A . financial statement analysis is based on historical costs rattier man current costs which can lead to distortions in measurement
B. financial statements may include significant estimated items which may distort results
C. it Is difficult to compare one company with another even within the same industry due to differences in accounting principles used.
D. financial statement analysis can use more than one measure to examine the interrelationships among data

Answer: D