Which of the following statement i s NOT accurate? Financial statement

Which of the following statement i s NOT accurate? Financial statements serve a number of purposes:

A) from a lender’s perspective they often form the basis for covenant restrictions.
B) financial ratios are useful for planning and budgeting purposes
C) financial ratios are only useful when using book values because market values change almost continuously and distort manager’s intentions.
D) the ROE measure helps us to understand how well we are rewarding our investors.

ANSWER

C