Which of the following combinations of statements are NOT true regarding financial analysis and financial reporting metrics?(A) Financial analysis is used only by the creditors.(B) Comparative statements are a form of vertical analysis.(C) The financial statements of a business enterprise include a cash flow statement.(D) Ratio analysis establishes relationships between two financial variables.Choose the correct answer from the options given below:

Analyzing truth values for each proposition:(A) is False: Financial analysis is vital to external creditors, but also extensively utilized by internal management, shareholders, investors, tax agencies, and employees.(B) is False: Comparative statements compare line items over multiple years horizontally across columns. Thus, they represent a form of horizontal (dynamic) analysis, not vertical analysis.(C) is True: As per statutory laws, full corporate sets contain the Balance Sheet, Income statement, and Cash Flow Statement.(D) is True: Ratio analysis establishes mathematical dependencies or connections between relevant accounting variables.Statements (A) and (B) are incorrect.