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Basic Question 0 of 2
Which of the following statements is true when analyzing a company's financial ratios?
II. Income statements would be more reflective of economic reality if replacement cost figures were used instead.
I. As long as the accounting methods used are similar, it is possible to compare two companies even if they operate in different industries.
II. Income statements would be more reflective of economic reality if replacement cost figures were used instead.
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Colin Sampaleanu
Learning Outcome Statements
compare theories of commodity futures returns;
describe, calculate, and interpret the components of total return for a fully collateralized commodity futures contract;
contrast roll return in markets in contango and markets in backwardation;
CFA® 2025 Level II Curriculum, Volume 5, Module 33.