What are the three main limitations of financial statement analysis?

What are the three main limitations of financial statement analysis?
A . It doesn’t consider changes in market conditions All organisations operate in similar markets Financial reports must be accurate for financial ratios to have meaning
B. It doesn’t consider changes in market conditions All organisations operate differently and target different markets Financial reports must be accurate for financial ratios to have meaning
C. It considers changes in market conditions All organisations operate differently and target different markets Financial reports must be accurate for financial ratios to have meaning
D. It considers changes in market conditions All organisations operate in similar markets Financial reports must be accurate for financial ratios to have meaning

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Answer: B